2024 Q1 Form 10-K Financial Statement

#000035470724000012 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $897.2M $961.4M $3.682B
YoY Change -3.35% -5.67% -1.6%
Cost Of Revenue $820.7M $865.4M $3.330B
YoY Change -1.67% -6.56% -0.93%
Gross Profit $76.42M $95.98M $352.6M
YoY Change -18.28% 3.18% -7.47%
Gross Profit Margin 8.52% 9.98% 9.58%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.76M $66.99M $310.8M
YoY Change 3.38% 1.51% 5.41%
% of Gross Profit 89.97% 69.8% 88.14%
Operating Expenses $0.00 $0.00 $0.00
YoY Change
Operating Profit $76.42M $95.98M $352.6M
YoY Change -18.28% 3.18% -7.47%
Interest Expense -$23.43M -$40.26M -$111.7M
YoY Change -3.83% 72.77% -195.69%
% of Operating Profit -30.66% -41.95% -31.67%
Other Income/Expense, Net $1.282M $1.207M $4.768M
YoY Change 11.28% 36.69% 8.09%
Pretax Income $54.27M $56.92M $245.7M
YoY Change -22.81% -19.37% -19.23%
Income Tax $11.67M $7.658M $44.57M
% Of Pretax Income 21.51% 13.45% 18.14%
Net Earnings $42.60M $48.79M $199.2M
YoY Change -22.83% -14.92% -18.02%
Net Earnings / Revenue 4.75% 5.08% 5.41%
Basic Earnings Per Share $0.38 $1.82
Diluted Earnings Per Share $0.38 $0.44 $1.81
COMMON SHARES
Basic Shares Outstanding 110.2M shares 110.1M shares 109.7M shares
Diluted Shares Outstanding 110.5M shares 110.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $485.2M $679.5M $679.5M
YoY Change 53.87% 239.98% 239.98%
Cash & Equivalents $485.2M $679.5M $679.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $469.3M $575.2M $575.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $954.5M $1.255B $1.255B
YoY Change 27.18% 76.28% 76.28%
LONG-TERM ASSETS
Property, Plant & Equipment $6.184B $6.150B $6.245B
YoY Change 7.01% 8.14% 7.62%
Goodwill $82.19M $82.19M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $2.315B $2.352B $2.352B
YoY Change -13.21% -13.13% -13.13%
Other Assets $17.53M $15.03M $15.03M
YoY Change 315.82% 197.58% 197.58%
Total Long-Term Assets $15.97B $15.99B $15.99B
YoY Change 1.76% 2.68% 2.68%
TOTAL ASSETS
Total Short-Term Assets $954.5M $1.255B $1.255B
Total Long-Term Assets $15.97B $15.99B $15.99B
Total Assets $16.92B $17.24B $17.24B
YoY Change 2.92% 5.89% 5.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $248.8M $247.5M $247.5M
YoY Change 4.62% -1.59% -1.59%
Accrued Expenses $161.1M $155.1M $155.1M
YoY Change -1.01% 4.85% 4.85%
Deferred Revenue
YoY Change
Short-Term Debt $593.0M $750.0M $750.0M
YoY Change 298.52% 334.61% 334.61%
Long-Term Debt Due $18.00M
YoY Change -97.92%
Total Short-Term Liabilities $1.003B $1.153B $1.171B
YoY Change 82.56% 101.51% -18.65%
LONG-TERM LIABILITIES
Long-Term Debt $3.188B $3.181B $3.163B
YoY Change -1.89% 1.68% 39.86%
Other Long-Term Liabilities $10.02B $10.23B $10.23B
YoY Change -0.77% 1.47% 1.47%
Total Long-Term Liabilities $13.21B $13.41B $13.40B
YoY Change -1.04% 1.52% 8.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.003B $1.153B $1.171B
Total Long-Term Liabilities $13.21B $13.41B $13.40B
Total Liabilities $14.51B $14.86B $14.86B
YoY Change 2.4% 5.82% 5.82%
SHAREHOLDERS EQUITY
Retained Earnings $968.8M $926.7M
YoY Change 12.51% 9.56%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.377B $2.345B $2.379B
YoY Change
Total Liabilities & Shareholders Equity $16.92B $17.24B $17.24B
YoY Change 2.92% 5.89% 5.89%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $42.60M $48.79M $199.2M
YoY Change -22.83% -14.92% -18.02%
Depreciation, Depletion And Amortization $68.76M $66.99M $310.8M
YoY Change 3.38% 1.51% 5.41%
Cash From Operating Activities $124.6M $76.37M $551.5M
YoY Change -31.13% -68.37% 21.34%
INVESTING ACTIVITIES
Capital Expenditures $99.55M $105.9M $448.3M
YoY Change -19.91% -1.73% 30.3%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $1.568M $218.2M -$10.32M
YoY Change -173.0% -196.48% -20.9%
Cash From Investing Activities -$5.592M $112.2M -$257.4M
YoY Change -95.93% -133.6% -77.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $8.268M $167.1M
YoY Change -84.65% -24.71%
Cash From Financing Activities -$310.9M -176.3M $195.6M
YoY Change -537.0% -249.2% -65.55%
NET CHANGE
Cash From Operating Activities $124.6M 76.37M $551.5M
Cash From Investing Activities -$5.592M 112.2M -$257.4M
Cash From Financing Activities -$310.9M -176.3M $195.6M
Net Change In Cash -$191.9M 12.25M $489.6M
YoY Change -267.38% -52.44% -559.61%
FREE CASH FLOW
Cash From Operating Activities $124.6M $76.37M $551.5M
Capital Expenditures $99.55M $105.9M $448.3M
Free Cash Flow $25.07M -$29.53M $103.2M
YoY Change -55.75% -122.08% -6.58%

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CY2022 he Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Prior Service Gain Loss And Net Transition Asset Obligation Recognized In Net Periodic Benefit Cost Net Of Tax
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CY2021 he Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Prior Service Gain Loss And Net Transition Asset Obligation Recognized In Net Periodic Benefit Cost Net Of Tax
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2846000 usd
CY2022 he Other Comprehensive Income Reclassification Adjustment For Impact Of Decision And Orders Of The Puc Included In Regulatory Assets Tax
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CY2021 he Other Comprehensive Income Reclassification Adjustment For Impact Of Decision And Orders Of The Puc Included In Regulatory Assets Tax
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<div style="margin-bottom:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Material estimates that are particularly susceptible to significant change for HEI and its subsidiaries (collectively, the Company) include the amounts reported as fair value for investment securities (ASB only); pension and other postretirement benefit obligations; contingencies and litigation; income taxes; regulatory assets and liabilities (Utilities only); asset retirement obligations (Utilities only); and allowance for credit losses (ASB only).</span></div>
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
72216000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
6106438000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
5906690000 usd
CY2023 he Minimum Benchmark Percentage Of Loan To Appraisal Ratio Which Mortgage Insurance Is Required
MinimumBenchmarkPercentageOfLoanToAppraisalRatioWhichMortgageInsuranceIsRequired
0.80
CY2023Q4 he Real Estate Loans Serviced For Investors
RealEstateLoansServicedForInvestors
1500000000 usd
CY2022Q4 he Real Estate Loans Serviced For Investors
RealEstateLoansServicedForInvestors
1500000000 usd
CY2021Q4 he Real Estate Loans Serviced For Investors
RealEstateLoansServicedForInvestors
1500000000 usd
CY2023Q4 he Loan Balances Related To Interest Of Individual Directors Executive Officers And Related Interests
LoanBalancesRelatedToInterestOfIndividualDirectorsExecutiveOfficersAndRelatedInterests
23500000 usd
CY2022Q4 he Loan Balances Related To Interest Of Individual Directors Executive Officers And Related Interests
LoanBalancesRelatedToInterestOfIndividualDirectorsExecutiveOfficersAndRelatedInterests
10700000 usd
CY2023Q4 he Loan Balances Related To Interest Of Individual Directors
LoanBalancesRelatedToInterestOfIndividualDirectors
21600000 usd
CY2022Q4 he Loan Balances Related To Interest Of Individual Directors
LoanBalancesRelatedToInterestOfIndividualDirectors
10000000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
72216000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
13319000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
5818000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
7501000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
9657000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
74372000 usd
CY2023 he Financing Receivable Average Outstanding
FinancingReceivableAverageOutstanding
6113467000 usd
CY2023Q4 he Financing Receivable Net Charge Offs Recoveries To Average Loans
FinancingReceivableNetChargeOffsRecoveriesToAverageLoans
0.0012
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
71130000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
6830000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
5379000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
1451000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
2537000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
72216000 usd
CY2022 he Financing Receivable Average Outstanding
FinancingReceivableAverageOutstanding
5456952000 usd
CY2022Q4 he Financing Receivable Net Charge Offs Recoveries To Average Loans
FinancingReceivableNetChargeOffsRecoveriesToAverageLoans
0.0003
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
101201000 usd
CY2021 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
9700000 usd
CY2021 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
6054000 usd
CY2021 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
3646000 usd
CY2021 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
-26425000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
71130000 usd
CY2021 he Financing Receivable Average Outstanding
FinancingReceivableAverageOutstanding
5220491000 usd
CY2021Q4 he Financing Receivable Net Charge Offs Recoveries To Average Loans
FinancingReceivableNetChargeOffsRecoveriesToAverageLoans
0.0007
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4400000 usd
CY2023 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
700000 usd
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
5100000 usd
CY2021Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4900000 usd
CY2022 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-500000 usd
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4400000 usd
CY2020Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4300000 usd
CY2021 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
600000 usd
CY2021Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4900000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
638750000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
1212344000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
1081072000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
747623000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
234179000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
1081789000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
1145385000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving Converted To Term Loan
FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoan
69436000 usd
CY2023Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
6210578000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
1296473000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
1220751000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
808953000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
296592000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
164815000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
1077705000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
1077634000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Revolving Converted To Term Loan
FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoan
62098000 usd
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
6005021000 usd
CY2023Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
6210578000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
425000 usd
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
6005021000 usd
CY2022Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 usd
CY2023Q4 he Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
24800000 usd
CY2023Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
3626000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
28426000 usd
CY2022Q4 he Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
12043000 usd
CY2022Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
4423000 usd
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
16466000 usd
CY2022 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
30130000 usd
CY2022 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
9 contract
CY2022 he Financing Receivables Modifications Pre Modification Recorded Investment
FinancingReceivablesModificationsPreModificationRecordedInvestment
4312000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
703000 usd
CY2021 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
24 contract
CY2021 he Financing Receivables Modifications Pre Modification Recorded Investment
FinancingReceivablesModificationsPreModificationRecordedInvestment
12109000 usd
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
685000 usd
CY2022 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 contract
CY2022 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 usd
CY2021 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
2 contract
CY2021 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
483000 usd
CY2022Q4 he Commitments To Borrowers Whose Loan Terms Are Impaired Or Modified Under Troubled Debt Restructuring
CommitmentsToBorrowersWhoseLoanTermsAreImpairedOrModifiedUnderTroubledDebtRestructuring
0 usd
CY2023Q4 he Financial Receivables Loans Collateralized By Real Estate In Foreclosure
FinancialReceivablesLoansCollateralizedByRealEstateInForeclosure
3400000 usd
CY2022Q4 he Financial Receivables Loans Collateralized By Real Estate In Foreclosure
FinancialReceivablesLoansCollateralizedByRealEstateInForeclosure
4200000 usd
CY2023Q4 us-gaap Weighted Average Rate Domestic Deposit Savings
WeightedAverageRateDomesticDepositSavings
0.0015
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
2765175000 usd
CY2022Q4 us-gaap Weighted Average Rate Domestic Deposit Savings
WeightedAverageRateDomesticDepositSavings
0.0003
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
3198329000 usd
CY2023Q4 us-gaap Weighted Average Rate Domestic Deposit Checking
WeightedAverageRateDomesticDepositChecking
0.0085
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
1427225000 usd
CY2022Q4 us-gaap Weighted Average Rate Domestic Deposit Checking
WeightedAverageRateDomesticDepositChecking
0.0017
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
1359519000 usd
CY2023Q4 he Weighted Average Rate Domestic Deposit Checking Noninterest Bearing
WeightedAverageRateDomesticDepositCheckingNoninterestBearing
0
CY2023Q4 us-gaap Noninterest Bearing Domestic Deposit Checking
NoninterestBearingDomesticDepositChecking
1383197000 usd
CY2022Q4 he Weighted Average Rate Domestic Deposit Checking Noninterest Bearing
WeightedAverageRateDomesticDepositCheckingNoninterestBearing
0
CY2022Q4 us-gaap Noninterest Bearing Domestic Deposit Checking
NoninterestBearingDomesticDepositChecking
1453937000 usd
CY2023Q4 he Weighted Average Rate Domestic Deposit Commercial Checking
WeightedAverageRateDomesticDepositCommercialChecking
0
CY2023Q4 he Noninterest Bearing Domestic Deposit Commercial Checking
NoninterestBearingDomesticDepositCommercialChecking
1216565000 usd
CY2022Q4 he Weighted Average Rate Domestic Deposit Commercial Checking
WeightedAverageRateDomesticDepositCommercialChecking
0
CY2022Q4 he Noninterest Bearing Domestic Deposit Commercial Checking
NoninterestBearingDomesticDepositCommercialChecking
1357140000 usd
CY2023Q4 us-gaap Weighted Average Rate Domestic Deposit Money Market
WeightedAverageRateDomesticDepositMoneyMarket
0.0352
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
289709000 usd
CY2022Q4 us-gaap Weighted Average Rate Domestic Deposit Money Market
WeightedAverageRateDomesticDepositMoneyMarket
0.0082
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
189053000 usd
CY2023Q4 us-gaap Weighted Average Rate Domestic Deposit Certificates Of Deposit
WeightedAverageRateDomesticDepositCertificatesOfDeposit
0.0399
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
InterestBearingDomesticDepositCertificatesOfDeposits
1063907000 usd
CY2022Q4 us-gaap Weighted Average Rate Domestic Deposit Certificates Of Deposit
WeightedAverageRateDomesticDepositCertificatesOfDeposit
0.0239
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
InterestBearingDomesticDepositCertificatesOfDeposits
611718000 usd
CY2023Q4 us-gaap Weighted Average Rate Domestic Deposit
WeightedAverageRateDomesticDeposit
0.0085
CY2023Q4 us-gaap Deposits
Deposits
8145778000 usd
CY2022Q4 us-gaap Weighted Average Rate Domestic Deposit
WeightedAverageRateDomesticDeposit
0.0024
CY2022Q4 us-gaap Deposits
Deposits
8169696000 usd
CY2023Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
348200000 usd
CY2022Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
346900000 usd
CY2023Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
898996000 usd
CY2023Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
136462000 usd
CY2023Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
14405000 usd
CY2023Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
6158000 usd
CY2023Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
5854000 usd
CY2023Q4 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
2032000 usd
CY2023Q4 us-gaap Time Deposits
TimeDeposits
1063907000 usd
CY2023Q4 he Overdrawn Deposit Accounts
OverdrawnDepositAccounts
3900000 usd
CY2022Q4 he Overdrawn Deposit Accounts
OverdrawnDepositAccounts
1500000 usd
CY2023 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
31366000 usd
CY2022 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
5372000 usd
CY2021 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
3805000 usd
CY2023 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
2367000 usd
CY2022 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
860000 usd
CY2021 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
802000 usd
CY2023 us-gaap Interest Expense Money Market Deposits
InterestExpenseMoneyMarketDeposits
8669000 usd
CY2022 us-gaap Interest Expense Money Market Deposits
InterestExpenseMoneyMarketDeposits
330000 usd
CY2021 us-gaap Interest Expense Money Market Deposits
InterestExpenseMoneyMarketDeposits
132000 usd
CY2023 he Interest Expense Interest Bearing Checking
InterestExpenseInterestBearingChecking
6503000 usd
CY2022 he Interest Expense Interest Bearing Checking
InterestExpenseInterestBearingChecking
765000 usd
CY2021 he Interest Expense Interest Bearing Checking
InterestExpenseInterestBearingChecking
242000 usd
CY2023 us-gaap Interest Expense Deposits
InterestExpenseDeposits
48905000 usd
CY2022 us-gaap Interest Expense Deposits
InterestExpenseDeposits
7327000 usd
CY2021 us-gaap Interest Expense Deposits
InterestExpenseDeposits
4981000 usd
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
0 usd
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
0 usd
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
0 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
281000000 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
0 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
281000000 usd
CY2023 he Securities Sold Under Agreements To Repurchase Fair Value Of Collateral Percent Of Fair Value
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateralPercentOfFairValue
0.05
CY2023Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
0 usd
CY2023Q4 us-gaap Assets Sold Under Agreements To Repurchase Interest Rate
AssetsSoldUnderAgreementsToRepurchaseInterestRate
0
CY2022Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
281120000 usd
CY2022Q4 us-gaap Assets Sold Under Agreements To Repurchase Interest Rate
AssetsSoldUnderAgreementsToRepurchaseInterestRate
0.0302
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
41000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-600000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-3409000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6382000 usd
CY2023 he Finance Lease Cost
FinanceLeaseCost
12363000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
27147000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6382000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3519000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P20Y
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8097000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8165000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2842429000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2384980000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
18000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
109000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
174000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
449000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
273000000 usd
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
13900000 shares
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-51269000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-283495000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
46678000 usd
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2023Q4 he Lessee Operating Lease Payments Basis Reduction For Impact Of Collateral
LesseeOperatingLeasePaymentsBasisReductionForImpactOfCollateral
0.0020
CY2021Q3 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P5Y
CY2021Q3 us-gaap Lessee Operating Lease Lease Not Yet Commenced Renewal Term1
LesseeOperatingLeaseLeaseNotYetCommencedRenewalTerm1
P5Y
CY2021Q3 he Lessee Operating Lease Lease Not Yet Commenced Annual Rent Expense
LesseeOperatingLeaseLeaseNotYetCommencedAnnualRentExpense
6400000 usd
CY2021Q3 he Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
32000000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
25953000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
211047000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
3031000 usd
CY2023 us-gaap Lease Cost
LeaseCost
233969000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5981000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0311
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0818
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
66971000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
250130000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
2675000 usd
CY2022 us-gaap Lease Cost
LeaseCost
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CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q4 us-gaap Operating Lease Liability
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CY2023Q4 he Lessee Operating Lease Not In Service Annual Capacity Payment
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CY2023 he General Payment Period
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CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023 us-gaap Revenue Not From Contract With Customer
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CY2022 us-gaap Revenue Not From Contract With Customer
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CY2023 us-gaap Revenues
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CY2022 us-gaap Revenues
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CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023 he Defined Benefit Plan Vested Percentage Of Interest Of Each Affected Participant After Participating Employer Terminates Participation
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1
CY2023 he Defined Benefit Plan Number Of Years Regulatory Assets Or Liability Will Be Amortized For Each Utility Which Start From Respective Utilities Next Rate Case
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P5Y
CY2023 he Executive Life And Defined Benefit Plan Nonqualified Pension Plan Expenses
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CY2022 he Executive Life And Defined Benefit Plan Nonqualified Pension Plan Expenses
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CY2023 he Defined Benefit Plan Accumulated Other Comprehensive Income Regulatory Asset Charges Before Tax
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CY2022 he Defined Benefit Plan Accumulated Other Comprehensive Income Regulatory Asset Charges Before Tax
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CY2023 he Defined Benefit Plan Plan Assets At Fair Value Percentage Of Valuation Difference Amortized In Year One
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CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2023Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2023Q4 us-gaap Deferred Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Tax Credits
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CY2021 us-gaap Income Tax Reconciliation Tax Credits
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CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q4 he Deferred Tax Assets Operating Lease Liabilities
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
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CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
22942000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
22734000 usd
CY2023Q4 us-gaap Deferred Tax Assets Investments
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CY2022Q4 us-gaap Deferred Tax Assets Investments
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CY2023Q4 us-gaap Deferred Tax Assets Other
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CY2022Q4 us-gaap Deferred Tax Assets Other
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2023Q4 he Deferred Tax Liabilities Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Deferred Tax Liabilities Regulatory Assets
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CY2023Q4 he Deferred Tax Liabilities Deferred Expense Postretirement Benefits
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CY2023 he Property Plant And Equipment Transferred To Held For Sale
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CY2022 he Property Plant And Equipment Transferred To Held For Sale
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022 he Transfer Of Retail Repurchase Agreements To Deposit Liabilities
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CY2021 us-gaap Affordable Housing Program Assessments
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36000000 usd
CY2023 he Transfer Of Securities From Available For Sale To Held To Maturities
TransferOfSecuritiesFromAvailableForSaleToHeldToMaturities
0 usd
CY2022 he Transfer Of Securities From Available For Sale To Held To Maturities
TransferOfSecuritiesFromAvailableForSaleToHeldToMaturities
755000000 usd
CY2021 he Transfer Of Securities From Available For Sale To Held To Maturities
TransferOfSecuritiesFromAvailableForSaleToHeldToMaturities
0 usd
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023 he Valuation Allowances And Reserves Additions Bad Debt Expenses Deferred To Regulatory Assets
ValuationAllowancesAndReservesAdditionsBadDebtExpensesDeferredToRegulatoryAssets
2700000 usd
CY2022 he Valuation Allowances And Reserves Additions Bad Debt Expenses Deferred To Regulatory Assets
ValuationAllowancesAndReservesAdditionsBadDebtExpensesDeferredToRegulatoryAssets
16200000 usd
CY2021 he Valuation Allowances And Reserves Additions Bad Debt Expenses Deferred To Regulatory Assets
ValuationAllowancesAndReservesAdditionsBadDebtExpensesDeferredToRegulatoryAssets
10700000 usd
CY2021 he Valuation Allowances And Reserves Additions Bad Debt Expenses Deferred To Regulatory Assets
ValuationAllowancesAndReservesAdditionsBadDebtExpensesDeferredToRegulatoryAssets
10700000 usd
CY2021 he Customer Bill Forgiveness
CustomerBillForgiveness
2000000 usd

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