Hawaiian Electric Industries, Inc. (HE)

HE Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	3,682	3,742	2,850	2,580	2,874
Revenue Growth (YoY)	-1.60%	31.28%	10.49%	-10.24%	0.46%
Cost of Revenue	3,284	3,329	2,438	2,248	2,509
Gross Profit	397.75	413.04	412.11	331.3	365.38
Other Operating Expenses	45.15	31.97	26.04	19.81	17.36
Operating Expenses	45.15	31.97	26.04	19.81	17.36
Operating Income	352.6	381.07	386.07	311.49	348.02
Interest Expense / Income	125.53	103.4	94.36	88.69	90.9
Other Expense / Income	-18.63	-26.52	-19.16	-17.83	-14.29
Pretax Income	245.7	304.2	310.86	240.62	271.41
Income Tax	44.57	61.17	62.81	40.91	51.64
Net Income	201.13	243.03	248.06	199.71	219.77
Preferred Dividends	1.89	1.89	1.89	1.89	1.89
Net Income Common	199.24	241.14	246.17	197.82	217.88
Net Income Growth	-17.38%	-2.04%	24.44%	-9.21%	7.98%
Shares Outstanding (Basic)	110	109	109	109	109
Shares Outstanding (Diluted)	110	110	110	109	109
Shares Change	0.24%	0.18%	0.20%	-0.05%	0.24%
EPS (Basic)	1.82	2.20	2.25	1.81	2.00
EPS (Diluted)	1.81	2.20	2.25	1.81	1.99
EPS Growth	-17.73%	-2.22%	24.31%	-9.05%	7.57%
Free Cash Flow	103.18	110.44	61.15	45.51	54.95
Free Cash Flow Per Share	0.94	1.01	0.56	0.42	0.50
Dividend Per Share	1.080	1.400	1.360	1.320	1.280
Dividend Growth	-22.86%	2.94%	3.03%	3.13%	3.23%
Gross Margin	10.80%	11.04%	14.46%	12.84%	12.71%
Operating Margin	9.58%	10.18%	13.54%	12.07%	12.11%
Profit Margin	5.41%	6.44%	8.64%	7.67%	7.58%
Free Cash Flow Margin	2.80%	2.95%	2.15%	1.76%	1.91%
Effective Tax Rate	18.14%	20.11%	20.20%	17.00%	19.03%
EBITDA	682.03	702.44	683.93	620.1	640.42
EBITDA Margin	18.52%	18.77%	23.99%	24.04%	22.28%
Depreciation & Amortization	310.8	294.84	278.7	290.78	278.11
EBIT	371.23	407.6	405.23	329.32	362.31
EBIT Margin	10.08%	10.89%	14.22%	12.77%	12.61%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).