Hawaiian Electric Industries, Inc. (HE)

HE Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	129.59	126.28	-1,424	201.13	243.03	248.06
Depreciation & Amortization	297.8	298.92	293.53	282.31	270.41	278.7
Stock-Based Compensation	3.87	3.43	3.59	6.78	7.45	9.14
Other Adjustments	-18.54	-19.63	-370.64	-61.52	-137.17	-33.79
Change in Receivables	-15.36	-51.35	96.7	-71.64	-147.33	-73.81
Changes in Inventories	-18.86	-30.04	45.18	8.5	-95.53	-50.42
Changes in Accounts Payable	20.65	7.03	6.86	34.29	23.08	9.93
Changes in Income Taxes Payable	4.02	-4.56	-25.53	-9.86	120.74	41.33
Changes in Other Operating Activities	22.69	60.99	1,862	161.49	169.79	-29.59
Operating Cash Flow	359.9	391.07	428.11	443.37	333.68	375.67
Operating Cash Flow Growth	2.24%	-8.65%	-3.44%	32.87%	-11.18%	-12.51%
Capital Expenditures	-358.2	-341.2	-344.25	-442.73	-339.33	-314.52
Purchases of Investments	-	-	-	-	-	-1,863
Proceeds from Sale of Investments	-	-	-	-	-	925.79
Payments for Business Acquisitions	-	-	-	-	-25.71	-
Proceeds from Business Divestments	8	13.78	-	-	-	-
Other Investing Activities	4.61	5.25	602.57	185.33	-763.64	132.36
Investing Cash Flow	-347.84	-322.18	-333.92	-436.17	-350.86	-1,180
Short-Term Debt Issued	-	-	50	-72.65	118.65	-11.86
Short-Term Debt Repaid	-	-50	-	-100	-	-65
Net Short-Term Debt Issued (Repaid)	-	-50	50	-172.65	118.65	-76.86
Long-Term Debt Issued	510	510	5.48	625	227.31	285.89
Long-Term Debt Repaid	-640.54	-733.56	-97.7	-167.08	-221.91	-82.26
Net Long-Term Debt Issued (Repaid)	-130.54	-223.56	-92.22	457.92	5.4	203.62
Issuance of Common Stock	-	-	556.61	1.22	-	-
Repurchase of Common Stock	-0.13	-0.18	-1.07	-2.37	-3.17	-2.01
Net Common Stock Issued (Repurchased)	-0.13	-0.18	555.54	-1.15	-3.17	-2.01
Common Dividends Paid	-	-	-	-73.96	-111.23	-148.64
Preferred Share Dividends Paid	-1.42	-1.89	-1.89	-1.89	-1.89	-1.89
Other Financing Activities	-19.4	-55.37	-356.72	-150.35	643.55	770.32
Financing Cash Flow	-20.12	-331	497.56	203.14	5.73	756.4
Net Cash Flow	-180.01	-262.11	900.5	489.65	-106.54	-47.52
Free Cash Flow	1.7	49.87	83.86	0.64	-5.65	61.15
Free Cash Flow Growth	-96.60%	-40.53%	12982.53%	-	-	34.36%
FCF Margin	0.05%	1.62%	2.60%	0.02%	-0.17%	2.15%
Free Cash Flow Per Share	0.01	0.29	0.66	0.01	-0.05	0.56
Levered Free Cash Flow	-35.54	-159.3	472.95	465.15	434.36	308.35
Unlevered Free Cash Flow	138.6	169.16	579.6	256.9	374.85	243.48

Updated May 8, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q