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Investment in Unconsolidated Ventures (Tables)
6 Months Ended
Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Financial Information
Combined summarized balance sheet information for our ventures accounted for using the equity method follows:
 
June 30,
2018
 
December 31,
2017
 
(In thousands)
Assets:
 
 
 
Cash and cash equivalents
$
5,854

 
$
13,119

Real estate
87,972

 
168,914

Other assets
982

 
21,721

Total assets
$
94,808

 
$
203,754

Liabilities and Equity:
 
 
 
Accounts payable and other liabilities
$
1,979

 
$
13,101

Debt (a)
45,639

 
85,133

Equity
47,190

 
105,520

Total liabilities and equity
$
94,808

 
$
203,754

 
 
 
 
Forestar's investment in unconsolidated ventures
$
17,965

 
$
64,579



Combined summarized income statement information for our ventures accounted for using the equity method follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Revenues
$
2,845

 
$
23,114

 
$
6,226

 
$
45,750

Earnings
$
2,661

 
$
6,327

 
$
6,941

 
$
18,548

Forestar's equity in earnings of unconsolidated ventures
$
1,000

 
$
2,747

 
$
2,529

 
$
9,109


 _________________________
(a)  
As of June 30, 2018 and December 31, 2017, total unconsolidated venture debt outstanding includes $4,564,000 and $4,584,000 which is recourse to us.