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 |
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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 |
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_________________________ | | (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. |
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