We participate in various construction joint ventures. We have determined that certain of these joint ventures are consolidated because they are variable interest entities (“VIEs”) and we are the primary beneficiary. We continually evaluate whether there are changes in the status of the VIEs or changes to the primary beneficiary designation of the VIE. Based on our assessments during the three months ended June 30, 2019, we determined no change was required for existing joint ventures.

Due to the joint and several nature of the performance obligations under the related owner contracts, if any of the partners fail to perform, we and the remaining partners, if any, would be responsible for performance of the outstanding work (i.e., we provide a performance guarantee). At June 30, 2019, there was approximately $3.1 billion of construction revenue to be recognized on unconsolidated and line item construction joint venture contracts of which $1.1 billion represented our share and the remaining $2.0 billion represented our partners’ share. We are not able to estimate amounts that may be required beyond the remaining cost of the work to be performed. These costs could be offset by billings to the customer or by proceeds from our partners’ corporate and/or other guarantees.

At June 30, 2019, we were engaged in eight active CCJV projects with total contract values ranging from $39.5 million to $409.7 million for a combined total of $1.3 billion. Our share of revenue remaining to be recognized on these CCJVs was $352.2 million and ranged from $0.2 million to $150.0 million. Our proportionate share of the equity in these joint ventures was between 50.0% and 65.0%. During the three and six months ended June 30, 2019, total revenue from CCJVs was $79.0 million and $145.9 million, respectively, and during the three and six months ended June 30, 2018, total revenue from CCJVs was $67.7 million and $111.5 million, respectively. During the six months ended June 30, 2019 and 2018, CCJVs used $5.3 million and provided $15.1 million of operating cash flows, respectively.

As of June 30, 2019, we were engaged in nine active unconsolidated joint venture projects with total contract values ranging from $104.1 million to $3.8 billion for a combined total of $11.4 billion of which our share was $3.3 billion. Our proportionate share of the equity in these unconsolidated construction joint ventures ranged from 20.0% to 50.0%. As of June 30, 2019, our share of the revenue remaining to be recognized on these unconsolidated construction joint ventures was $0.9 billion and ranged from $1.7 million to $252.1 million.

The following is summary financial information related to unconsolidated construction joint ventures:

(in thousands)	June 30, 2019		December 31, 2018		June 30, 2018
Assets
Cash, cash equivalents and marketable securities	$	225,163	$	229,562	$	309,330
Other current assets¹		960,406		814,979		701,945
Noncurrent assets		214,238		204,090		211,963
Less partners’ interest		929,332		822,215		792,567
Granite’s interest^1,2		470,475		426,416		430,671
Liabilities
Current liabilities		530,654		525,036		535,700
Less partners’ interest and adjustments³		243,241		369,782		342,760
Granite’s interest		287,413		155,254		192,940
Equity in construction joint ventures⁴	$	183,062	$	271,162	$	237,731

¹Included in this balance and in accrued expenses and other current liabilities on our condensed consolidated balance sheets was $88.7 million, $88.2 million, $88.6 million related to performance guarantees as of June 30, 2019 and December 31, 2018 and June 30, 2018.

²Included in this balance as of June 30, 2019, December 31, 2018 and June 30, 2018 was $89.4 million, $78.1 million and $65.8 million, respectively, related to Granite’s share of estimated cost recovery of customer affirmative claims. In addition, this balance included $12.8 million, $15.6 million and $10.6 million related to Granite’s share of estimated recovery of back charge claims as of June 30, 2019, December 31, 2018 and June 30, 2018, respectively.

³Partners’ interest and adjustments includes amounts to reconcile total net assets as reported by our partners to Granite’s interest adjusted to reflect our accounting policies and estimates primarily related to contract forecast differences.

⁴Included in this balance and in accrued expenses and other current liabilities on the condensed consolidated balance sheets were amounts related to deficits in construction joint ventures, which includes provisions for losses, that were $58.7 million, $11.5 million and $14.7 million as of June 30, 2019, December 31, 2018 and June 30, 2018, respectively.

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2019			2018			2019			2018
Revenue
Total	$	436,071		$	449,996		$	852,005		$	689,437
Less partners’ interest and adjustments¹		399,227			340,809			682,668			461,841
Granite’s interest		36,844			109,187			169,337			227,596
Cost of revenue
Total		456,484			423,385			867,969			804,274
Less partners’ interest and adjustments¹		312,455			296,250			592,461			562,751
Granite’s interest		144,029			127,135			275,508			241,523
Granite’s interest in gross loss	$	(107,185	)	$	(17,948	)	$	(106,171	)	$	(13,927	)

¹Partners’ interest and adjustments includes amounts to reconcile total revenue and total cost of revenue as reported by our partners to Granite’s interest adjusted to reflect our accounting policies and estimates primarily related to contract forecast differences.

During the three and six months ended June 30, 2019, unconsolidated construction joint venture net loss was $(18.9) million and $(13.7) million, respectively, of which our share was net loss of $(106.3) million and $(105.8) million, respectively. During the three and six months ended June 30, 2018, unconsolidated construction joint venture net income (loss) was $26.5 million and $(114.4) million, respectively, of which our share were net losses of $(17.7) million and $(13.4) million, respectively. The differences between our share of the joint venture net loss during 2018 and 2019 when compared to the joint venture net loss primarily resulted from differences between our estimated total revenue and cost of revenue when compared to that of our partners’ on two projects. These joint venture net income/(loss) amounts exclude our corporate overhead required to manage the joint ventures and include taxes only to the extent the applicable states have joint venture level taxes.