Hawaiian Electric (HE) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
3.2B
Gross Profit
-1.7B
-53.01%
Operating Income
-1.7B
-53.01%
Net Income
-1.4B
-44.23%
EPS (Diluted)
-$11.23
Balance Sheet Metrics
Total Assets
8.9B
Total Liabilities
7.4B
Shareholders Equity
1.5B
Debt to Equity
4.90
Cash Flow Metrics
Operating Cash Flow
461.0M
Free Cash Flow
136.3M
Revenue & Profitability Trend
Hawaiian Electric Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 3.2B | 3.7B | 3.7B | 2.9B | 2.6B |
| Cost of Goods Sold | 4.9B | 3.3B | 3.4B | 2.5B | 2.3B |
| Gross Profit | -1.7B | 352.6M | 381.1M | 386.1M | 311.5M |
| Operating Expenses | 0 | -19.9M | -15.0M | -15.4M | -5.6M |
| Operating Income | -1.7B | 352.6M | 381.1M | 386.1M | 311.5M |
| Pre-tax Income | -1.8B | 245.7M | 304.2M | 310.9M | 240.6M |
| Income Tax | -471.0M | 44.6M | 61.2M | 62.8M | 40.9M |
| Net Income | -1.4B | 201.1M | 243.0M | 248.1M | 199.7M |
| EPS (Diluted) | -$11.23 | $1.81 | $2.20 | $2.25 | $1.81 |
Income Statement Trend
Hawaiian Electric Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 2.1B | 8.5B | 8.1B | 5.8B | 7.9B |
| Non-Current Assets | 6.8B | 8.7B | 8.2B | 10.0B | 7.1B |
| Total Assets | 8.9B | 17.2B | 16.3B | 15.8B | 15.0B |
| Liabilities | |||||
| Current Liabilities | 1.3B | 298.7M | 445.4M | 279.4M | 335.3M |
| Non-Current Liabilities | 6.1B | 14.6B | 13.6B | 13.2B | 12.3B |
| Total Liabilities | 7.4B | 14.9B | 14.1B | 13.4B | 12.7B |
| Equity | |||||
| Total Shareholders Equity | 1.5B | 2.3B | 2.2B | 2.4B | 2.3B |
Balance Sheet Composition
Hawaiian Electric Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -1.2B | 195.9M | 190.9M | 179.6M | 199.7M |
| Operating Cash Flow | 461.0M | 466.2M | 332.3M | 280.1M | 374.8M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | 11.8M | 6.2M | -32.1M | -991.4M | -1.0B |
| Financing Activities | |||||
| Dividends Paid | -28.0M | -131.0M | -127.9M | -113.7M | -146.0M |
| Financing Cash Flow | -72.0M | -60.9M | -19.9M | -45.2M | 902.9M |
| Free Cash Flow | 136.3M | 35.6M | -1.5M | -18.9M | 45.5M |
Cash Flow Trend
Hawaiian Electric Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
7.63
Forward P/E
7.71
Price to Book
1.24
Price to Sales
0.59
PEG Ratio
7.71
Profitability Ratios
Profit Margin
-45.45%
Operating Margin
8.51%
Return on Equity
-66.65%
Return on Assets
1.06%
Financial Health
Current Ratio
1.25
Debt to Equity
206.93
Beta
0.65
Per Share Data
EPS (TTM)
-$10.46
Book Value per Share
$8.73
Revenue per Share
$22.26
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| he | 1.9B | 7.63 | 1.24 | -66.65% | -45.45% | 206.93 |
| NextEra Energy | 145.6B | 26.49 | 2.92 | 7.06% | 21.81% | 148.56 |
| Southern Company | 99.8B | 21.74 | 2.94 | 12.24% | 16.54% | 188.38 |
| Genie Energy | 718.9M | 40.58 | 3.64 | 9.36% | 3.41% | 5.27 |
| Duke Energy | 90.9B | 19.43 | 1.83 | 9.48% | 15.62% | 168.90 |
| American Electric | 55.2B | 19.94 | 2.02 | 10.42% | 13.71% | 171.50 |
Financial data is updated regularly. All figures are in the company's reporting currency.