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- 10-K Annual report
- 10.1 Conditions for the Merger and Corporate Restructuring
- 11 Hei Computation of Earnings
- 12 Hei Computation of Ratio of Earnings
- 21 Subsidiaries of Hei
- 23.1 Hei Consent of Independent Registered Public Accounting Firm
- 31.1 Certification of Hei CEO Pursuant to Section 302
- 31.2 Certification of Hei CFO Pursuant to Section 302
- 32.1 Certification of Hei CEO Pursuant to Section 906
- 32.2 Certification of Hei CFO Pursuant to Section 906
- 99.1 Amendment 2006-1 to Hei Retirement Savings Plan
- 99.2 Hei Eleventh Amendment Dated As of Nov. 1, 2006
- 3 Heco's By-laws
- 12 Heco Computation of Ratio of Earnings
- 21 Subsidiaries of Heco
- 23.2 Heco Consent of Independent Registered Public Accounting Firm
- 31.3 Certification of Heco CEO Pursuant to Section 302
- 31.4 Certification of Heco CFO Pursuant to Section 302
- 32.3 Certification of Heco CEO Pursuant to Section 906
- 32.4 Certification of Heco CFO Pursuant to Section 906
- 99.3 Reconciliation of Electric Utility Operating Income
- 99.4 Selected Financial Data
HEI Exhibit 11
Hawaiian Electric Industries, Inc.
COMPUTATION OF EARNINGS PER SHARE
OF COMMON STOCK
Years ended December 31, 2006, 2005, 2004, 2003 and 2002
(in thousands, except per share amounts) | 2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||
Net income (loss) | |||||||||||||||||
Continuing operations | $ | 108,001 | $ | 127,444 | $ | 107,739 | $ | 118,048 | $ | 118,217 | |||||||
Discontinued operations | — | (755 | ) | 1,913 | (3,870 | ) | — | ||||||||||
$ | 108,001 | $ | 126,689 | $ | 109,652 | $ | 114,178 | $ | 118,217 | ||||||||
Weighted-average number of common shares outstanding | 81,145 | 80,828 | 79,562 | 74,696 | 72,556 | ||||||||||||
Adjusted weighted-average number of common shares outstanding | 81,373 | 81,200 | 79,719 | 74,974 | 72,954 | ||||||||||||
Basic earnings (loss) per common share | |||||||||||||||||
Continuing operations | $ | 1.33 | $ | 1.58 | $ | 1.36 | $ | 1.58 | $ | 1.63 | |||||||
Discontinued operations | — | (0.01 | ) | 0.02 | (0.05 | ) | — | ||||||||||
$ | 1.33 | $ | 1.57 | $ | 1.38 | $ | 1.53 | $ | 1.63 | ||||||||
Diluted earnings (loss) per common share | |||||||||||||||||
Continuing operations | $ | 1.33 | $ | 1.57 | $ | 1.36 | $ | 1.57 | $ | 1.62 | |||||||
Discontinued operations | — | (0.01 | ) | 0.02 | (0.05 | ) | — | ||||||||||
$ | 1.33 | $ | 1.56 | $ | 1.38 | $ | 1.52 | $ | 1.62 | ||||||||
On April 20, 2004, the HEI Board of Directors approved a 2-for-1 stock split in the form of a 100% stock dividend with a record date of May 10, 2004 and a distribution date of June 10, 2004. All share and per share information has been adjusted to reflect the stock split for all periods presented.