Hawaiian Electric Industries, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $126.3M | $-1.42B | $201.1M | $243.0M | $248.1M | $199.7M | $219.8M | $203.7M |
| Depreciation & Amortization | $298.9M | $293.5M | $282.3M | $270.4M | $278.7M | $290.8M | $278.1M | $255.6M |
| Depreciation | $260.0M | $261.7M | $255.0M | $244.5M | $246.2M | $238.1M | $229.9M | $214.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $3.4M | $3.6M | $6.8M | $7.5M | $9.1M | $5.8M | $10.0M | $7.8M |
| Net Cash from Operating Activities | $391.1M | $487.5M | $551.5M | $454.5M | $375.7M | $429.4M | $512.5M | $499.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $341.2M | $344.3M | $442.7M | $339.3M | $314.5M | $383.9M | $457.5M | $537.4M |
| Business Acquisitions | — | $0 | $0 | $25.7M | $0 | $0 | $0 | $0 |
| Net Cash from Investing Activities | $-322.2M | $258.3M | $-257.4M | $-1.13B | $-1.18B | $-1.41B | $-541.7M | $-792.1M |
| Financing Activities | ||||||||
| Dividends Paid | $0 | $0 | $74.0M | $111.2M | $148.6M | $144.1M | $139.5M | $135.0M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-331.0M | $154.7M | $195.6M | $567.7M | $756.4M | $1.12B | $87.7M | $200.1M |
| Net Change in Cash | $-262.1M | $900.5M | $489.6M | $-106.5M | $-47.5M | $131.3M | $58.5M | $-92.7M |
| Free Cash Flow | $49.9M | $143.2M | $108.7M | $115.1M | $61.1M | $45.5M | $55.0M | $-38.1M |