north american potash inventory levels are now below five-year average inventory levels . challenging logistics hindered dealer efforts to obtain inventory on a timely basis during 2014. as a result of solid overall demand and these lower inventory levels , potash prices have increased steadily over the past few quarters . trio ® prices and demand . an imbalance between supply and demand , as well as dealers and farmer recognition of the added value of magnesium and sulfate and the benefits of a low-chloride specialty product , helped support trio ® pricing 34 despite lower potash prices in the past few years . demand for granular- and premium-sized trio ® continues to be strong in the domestic market . we have seen weaker demand and softer pricing for standard-sized trio ® in the export market . should we choose to manage our trio ® inventory levels by increasing our mix of export sales , we would likely see a lower net realized sales price for trio ® . major capital projects . our capital project investment decreased significantly in 2014 as compared to 2013 and 2012. over the last two years , we completed several major capital projects that are intended to increase production , decrease our per-ton operating costs and increase our overall marketing flexibility . we are now focused on optimizing and gaining the efficiencies from these projects . additional information about these capital projects is included below under the heading “ capital investments . ” selected operating and financial data the following tables present selected operations data for the periods noted . analysis of the details of this information is contained throughout this discussion . we present this table as a summary of information relating to key indicators of financial condition and operating performance that we believe are important . we calculate average net realized sales price by deducting freight costs from gross revenues and then by dividing this result by tons of product sold during the period . 35 replace_table_token_10_th ( 1 ) additional information about our non-gaap financial measures is set forth under the heading `` non-gaap financial measures . ” ( 2 ) amounts are presented net of by-product credits . on a per-ton basis , by-product credits were $ 7 for the year ended december 31 , 2014 , $ 9 for the year ended 2013 , and $ 8 for the year ended 2012 . by-product credits were $ 6.5 million , $ 6.5 million and $ 6.5 million for the years ended december 31 , 2014 , 2013 , and 2012 , respectively . 36 results of operations operating highlights net income for 2014 was $ 9.8 million , or $ 0.13 per diluted share , and cash flows from operating activities were $ 127.5 million . potash the majority of our revenues and gross margin are derived from the production and sales of potash . potash sales as a percentage of our net sales , which we calculate as gross sales less freight costs , and gross margin were approximately as follows for the indicated periods . replace_table_token_11_th we sold 915,000 tons of potash in 2014 compared with 692,000 tons in 2013 . the increase in sales volume was driven by increased confidence in potash pricing from buyers and our agricultural customers ' demand for product in 2014 as compared to 2013. our ability to supply tons to our customers on a timely basis was a fundamental element of our success in 2014. we utilized our geographic advantage as well as our warehouse system to effectively position product closer to our customers . our average net realized sales price of potash was $ 332 per ton in 2014 , as compared to $ 382 per ton in 2013 , largely as a result of concerns that global productive capacity exceeds demand . however , as a result of strong demand and tight inventory levels , we experienced sequential increases in our potash average net realized sales price each of the last three quarters of 2014. the table below shows our potash sales mix for 2014 , 2013 , and 2012. replace_table_token_12_th our production volume of potash in 2014 increased to 859,000 tons , compared with 780,000 tons produced in 2013 . the production increase was due to new production from our hb mine as well as higher production from our east facility , partially offset by decreased production at our west and moab facilities . our cash operating costs stayed relatively flat at $ 198 per ton in 2014 , compared with $ 195 per ton in 2013 . our industrial sales are significantly influenced by oil and gas drilling activity , we believe our sales volumes to our industrial customers will decrease , and potentially pressure our net realized sales price , during 2015 as oil and gas drilling activity slows in response to lower crude oil pricing . trio ® our trio ® production was lower in 2014 than in 2013 as we experienced lower ore grade and higher losses associated with higher production of premium-sized trio ® which results in losses during the conversion from standard to premium-sized products . as the export market for trio ® remains soft , we continue to focus on the domestic market . our sales of trio ® increased to 182,000 tons in 2014 as compared with 123,000 tons in 2013 , as demand for our granular- and premium-sized trio ® has remained strong . the standard-sized product is largely sold into the export market or converted into premium-sized product through a process we call pelletization . the export market for the standard-sized product was weaker in 2014 compared to 2013 , highlighting the importance of our focus on improving the efficiency of our pelletization process . story_separator_special_tag we recorded an additional allowance of $ 2.8 million against previously filed claims in `` other expense `` included in operating income in the consolidated statement of operations in 2013. in 2014 , we received notice that claims that had been previously denied had been approved . accordingly , we reduced our estimate of the allowance related to the realizability of our claims by $ 4.1 million . the credits that we estimate will now be realized were for periods prior to 2014 and the inventory produced during that time has been sold ; therefore , we recorded the decrease in the allowance as `` other expense `` in operating income in 2014. also in 2013 , we received a refund from the state of new mexico related to a compensating tax refund submitted in prior periods . the receipt of the refund removed uncertainty about the amount and collection of the refund and therefore , we recorded $ 1.7 million of income , which was also recorded in `` other expense `` included in operating income in the consolidated statement of operations in 2013. other income ( expense ) in april 2013 , we funded $ 2.0 million to settle all pension plan liabilities and recorded an additional expense of approximately $ 1.9 million to reflect the termination of the pension plan . this amount is recorded as `` other income ( expense ) `` in the consolidated statements of operations for the year ended december 31 , 2013 , and represents the difference between the final amount funded , and the sum of the recorded pension liability and the unrecognized actuarial losses included in accumulated other comprehensive income . results of operations for the years ended december 31 , 2013 , and 2012 net sales net sales of potash decreased $ 117.0 million , or 31 % , from $ 381.0 million for the year ended december 31 , 2012 , to $ 264.0 million for the year ended december 31 , 2013. this decrease was the result of an 18 % decrease in sales volumes of potash in addition to a decrease in the average net realized sales price of potash by $ 72 per ton , or 16 % , in the comparable period . our customers delayed purchases of potash in 2013 given downward pressure on potash prices driven by softness and uncertainty in the global potash market , as discussed previously . net sales of trio ® increased from $ 41.2 million for the year ended december 31 , 2012 , to $ 43.4 million for the year ended december 31 , 2013 , due to a 7 % increase in the average net realized sales price of trio ® offset by a slight decrease of 2 % in the volume of sales . we continued to see strong demand for our trio ® product , particularly the granular-sized and pelletized products . trio ® domestic pricing has historically tended to move in a relatively close correlation to potash pricing . dealers ' and farmers ' recognition of the benefits of this low chloride product , however , translated into higher prices despite sequentially lower potash prices during 2013. our production volume of potash in 2013 was 780,000 tons , or 16,000 tons less than in 2012. our trio ® production increased 46,000 tons , or 35 % , in 2013 as we operated our langbeinite facility more effectively and efficiently . 41 cost of goods sold the following table presents our cost of goods sold for potash and trio ® for the subject periods : replace_table_token_16_th ( 1 ) depreciation , depletion , and amortizations expense for potash was $ 35.6 million and $ 35.8 million in 2013 and 2012 , respectively , which equates to $ 52 and $ 43 on a per ton basis . ( 2 ) depreciation , depletion , and amortizations expense for trio ® was $ 6.8 million and $ 7.6 million in 2013 and 2012 , respectively , which equates to $ 55 and $ 61 on a per ton basis . total cost of goods sold of potash , which includes royalties and depreciation , depletion and amortization , increased $ 20 per ton , or 8 % , from $ 240 per ton for the year ended december 31 , 2012 , to $ 260 per ton for the year ended december 31 , 2013. we experienced higher cash operating costs per ton in 2013 due to increased production costs per ton at our east and west facilities resulting from comparatively lower production levels as we work through more complex ore zones at our east west facilities . total cost of goods sold of trio ® decreased $ 12 per ton , or 4 % , from $ 286 per ton for the year ended december 31 , 2012 , to $ 274 per ton for the year ended december 31 , 2013. this decrease in cost of goods sold on a per-ton basis was primarily due to higher trio ® production volumes in 2013 over which production costs are allocated . in total , our cost of goods sold decreased $ 23.6 million , or 10 % , from $ 236.5 million in 2012 to $ 212.9 million in 2013 , as a result of fewer tons of potash sold in 2013. as a percentage of sales , cost of goods sold increased as our production costs increased while our total production decreased , resulting in higher per ton inventory values . the increases in production costs were the result of increases in labor costs , natural gas , electricity , maintenance and professional services during the year ended december 31 , 2013. on a comparative basis , and within our production costs , depreciation and depletion increased $ 12.4 million , or 29 % , during 2013 as a result of the significant capital investments being placed into service during 2013. selling

liquidity and capital resources as of december 31 , 2014 , we had cash , cash equivalents , and investments of $ 89.9 million . we also have an unsecured credit facility that provides a revolving credit facility of up to $ 250 million , provided that we meet specified financial covenants , as described below under the heading “ unsecured credit facility. ” as of december 31 , 2014 , we had $ 211 million available , and no borrowings outstanding under this facility . the $ 89.9 million of cash , cash equivalents , and investments at december 31 , 2014 , was made up of the following : $ 16.5 million in cash ; $ 51.1 million in cash equivalent investments , consisting of money market accounts with banking institutions that we believe are financially sound ; and $ 10.4 million and $ 11.9 million invested in short and long-term investments , respectively . our operations have been and are expected to be primarily funded from cash on hand and cash generated by operations ; if necessary , we have the ability to borrow under our unsecured credit facility . the following summarizes our cash flow activity for the years ended december 31 , 2014 , 2013 and 2012 : 43 replace_table_token_17_th operating activities total cash provided by operating activities for the year ended december 31 , 2014 , was $ 127.5 million , an increase of $ 62.6 million compared with the year ended december 31 , 2013 . the primary driver of this increase was higher sales volumes at a lower average net realized sales price for potash , as discussed previously , which , together , resulted in lower net income . total cash provided by operating activities decreased by $ 122.9 million in 2013 compared to 2012 . the primary driver of this decline was lower sales volumes and a lower average net realized sales price for potash which , together , resulted in lower net income . cash provided by operating activities for the year ended december 31 , 2013 , was negatively impacted by an increase in inventory of $ 51.7 million as inventory levels and per-ton production costs both increased .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources as of december 31 , 2014 , we had cash , cash equivalents , and investments of $ 89.9 million . we also have an unsecured credit facility that provides a revolving credit facility of up to $ 250 million , provided that we meet specified financial covenants , as described below under the heading “ unsecured credit facility. ” as of december 31 , 2014 , we had $ 211 million available , and no borrowings outstanding under this facility . the $ 89.9 million of cash , cash equivalents , and investments at december 31 , 2014 , was made up of the following : $ 16.5 million in cash ; $ 51.1 million in cash equivalent investments , consisting of money market accounts with banking institutions that we believe are financially sound ; and $ 10.4 million and $ 11.9 million invested in short and long-term investments , respectively . our operations have been and are expected to be primarily funded from cash on hand and cash generated by operations ; if necessary , we have the ability to borrow under our unsecured credit facility . the following summarizes our cash flow activity for the years ended december 31 , 2014 , 2013 and 2012 : 43 replace_table_token_17_th operating activities total cash provided by operating activities for the year ended december 31 , 2014 , was $ 127.5 million , an increase of $ 62.6 million compared with the year ended december 31 , 2013 . the primary driver of this increase was higher sales volumes at a lower average net realized sales price for potash , as discussed previously , which , together , resulted in lower net income . total cash provided by operating activities decreased by $ 122.9 million in 2013 compared to 2012 . the primary driver of this decline was lower sales volumes and a lower average net realized sales price for potash which , together , resulted in lower net income . cash provided by operating activities for the year ended december 31 , 2013 , was negatively impacted by an increase in inventory of $ 51.7 million as inventory levels and per-ton production costs both increased .
```    
 Suspicious Activity Report : north american potash inventory levels are now below five-year average inventory levels . challenging logistics hindered dealer efforts to obtain inventory on a timely basis during 2014. as a result of solid overall demand and these lower inventory levels , potash prices have increased steadily over the past few quarters . trio ® prices and demand . an imbalance between supply and demand , as well as dealers and farmer recognition of the added value of magnesium and sulfate and the benefits of a low-chloride specialty product , helped support trio ® pricing 34 despite lower potash prices in the past few years . demand for granular- and premium-sized trio ® continues to be strong in the domestic market . we have seen weaker demand and softer pricing for standard-sized trio ® in the export market . should we choose to manage our trio ® inventory levels by increasing our mix of export sales , we would likely see a lower net realized sales price for trio ® . major capital projects . our capital project investment decreased significantly in 2014 as compared to 2013 and 2012. over the last two years , we completed several major capital projects that are intended to increase production , decrease our per-ton operating costs and increase our overall marketing flexibility . we are now focused on optimizing and gaining the efficiencies from these projects . additional information about these capital projects is included below under the heading “ capital investments . ” selected operating and financial data the following tables present selected operations data for the periods noted . analysis of the details of this information is contained throughout this discussion . we present this table as a summary of information relating to key indicators of financial condition and operating performance that we believe are important . we calculate average net realized sales price by deducting freight costs from gross revenues and then by dividing this result by tons of product sold during the period . 35 replace_table_token_10_th ( 1 ) additional information about our non-gaap financial measures is set forth under the heading `` non-gaap financial measures . ” ( 2 ) amounts are presented net of by-product credits . on a per-ton basis , by-product credits were $ 7 for the year ended december 31 , 2014 , $ 9 for the year ended 2013 , and $ 8 for the year ended 2012 . by-product credits were $ 6.5 million , $ 6.5 million and $ 6.5 million for the years ended december 31 , 2014 , 2013 , and 2012 , respectively . 36 results of operations operating highlights net income for 2014 was $ 9.8 million , or $ 0.13 per diluted share , and cash flows from operating activities were $ 127.5 million . potash the majority of our revenues and gross margin are derived from the production and sales of potash . potash sales as a percentage of our net sales , which we calculate as gross sales less freight costs , and gross margin were approximately as follows for the indicated periods . replace_table_token_11_th we sold 915,000 tons of potash in 2014 compared with 692,000 tons in 2013 . the increase in sales volume was driven by increased confidence in potash pricing from buyers and our agricultural customers ' demand for product in 2014 as compared to 2013. our ability to supply tons to our customers on a timely basis was a fundamental element of our success in 2014. we utilized our geographic advantage as well as our warehouse system to effectively position product closer to our customers . our average net realized sales price of potash was $ 332 per ton in 2014 , as compared to $ 382 per ton in 2013 , largely as a result of concerns that global productive capacity exceeds demand . however , as a result of strong demand and tight inventory levels , we experienced sequential increases in our potash average net realized sales price each of the last three quarters of 2014. the table below shows our potash sales mix for 2014 , 2013 , and 2012. replace_table_token_12_th our production volume of potash in 2014 increased to 859,000 tons , compared with 780,000 tons produced in 2013 . the production increase was due to new production from our hb mine as well as higher production from our east facility , partially offset by decreased production at our west and moab facilities . our cash operating costs stayed relatively flat at $ 198 per ton in 2014 , compared with $ 195 per ton in 2013 . our industrial sales are significantly influenced by oil and gas drilling activity , we believe our sales volumes to our industrial customers will decrease , and potentially pressure our net realized sales price , during 2015 as oil and gas drilling activity slows in response to lower crude oil pricing . trio ® our trio ® production was lower in 2014 than in 2013 as we experienced lower ore grade and higher losses associated with higher production of premium-sized trio ® which results in losses during the conversion from standard to premium-sized products . as the export market for trio ® remains soft , we continue to focus on the domestic market . our sales of trio ® increased to 182,000 tons in 2014 as compared with 123,000 tons in 2013 , as demand for our granular- and premium-sized trio ® has remained strong . the standard-sized product is largely sold into the export market or converted into premium-sized product through a process we call pelletization . the export market for the standard-sized product was weaker in 2014 compared to 2013 , highlighting the importance of our focus on improving the efficiency of our pelletization process . story_separator_special_tag we recorded an additional allowance of $ 2.8 million against previously filed claims in `` other expense `` included in operating income in the consolidated statement of operations in 2013. in 2014 , we received notice that claims that had been previously denied had been approved . accordingly , we reduced our estimate of the allowance related to the realizability of our claims by $ 4.1 million . the credits that we estimate will now be realized were for periods prior to 2014 and the inventory produced during that time has been sold ; therefore , we recorded the decrease in the allowance as `` other expense `` in operating income in 2014. also in 2013 , we received a refund from the state of new mexico related to a compensating tax refund submitted in prior periods . the receipt of the refund removed uncertainty about the amount and collection of the refund and therefore , we recorded $ 1.7 million of income , which was also recorded in `` other expense `` included in operating income in the consolidated statement of operations in 2013. other income ( expense ) in april 2013 , we funded $ 2.0 million to settle all pension plan liabilities and recorded an additional expense of approximately $ 1.9 million to reflect the termination of the pension plan . this amount is recorded as `` other income ( expense ) `` in the consolidated statements of operations for the year ended december 31 , 2013 , and represents the difference between the final amount funded , and the sum of the recorded pension liability and the unrecognized actuarial losses included in accumulated other comprehensive income . results of operations for the years ended december 31 , 2013 , and 2012 net sales net sales of potash decreased $ 117.0 million , or 31 % , from $ 381.0 million for the year ended december 31 , 2012 , to $ 264.0 million for the year ended december 31 , 2013. this decrease was the result of an 18 % decrease in sales volumes of potash in addition to a decrease in the average net realized sales price of potash by $ 72 per ton , or 16 % , in the comparable period . our customers delayed purchases of potash in 2013 given downward pressure on potash prices driven by softness and uncertainty in the global potash market , as discussed previously . net sales of trio ® increased from $ 41.2 million for the year ended december 31 , 2012 , to $ 43.4 million for the year ended december 31 , 2013 , due to a 7 % increase in the average net realized sales price of trio ® offset by a slight decrease of 2 % in the volume of sales . we continued to see strong demand for our trio ® product , particularly the granular-sized and pelletized products . trio ® domestic pricing has historically tended to move in a relatively close correlation to potash pricing . dealers ' and farmers ' recognition of the benefits of this low chloride product , however , translated into higher prices despite sequentially lower potash prices during 2013. our production volume of potash in 2013 was 780,000 tons , or 16,000 tons less than in 2012. our trio ® production increased 46,000 tons , or 35 % , in 2013 as we operated our langbeinite facility more effectively and efficiently . 41 cost of goods sold the following table presents our cost of goods sold for potash and trio ® for the subject periods : replace_table_token_16_th ( 1 ) depreciation , depletion , and amortizations expense for potash was $ 35.6 million and $ 35.8 million in 2013 and 2012 , respectively , which equates to $ 52 and $ 43 on a per ton basis . ( 2 ) depreciation , depletion , and amortizations expense for trio ® was $ 6.8 million and $ 7.6 million in 2013 and 2012 , respectively , which equates to $ 55 and $ 61 on a per ton basis . total cost of goods sold of potash , which includes royalties and depreciation , depletion and amortization , increased $ 20 per ton , or 8 % , from $ 240 per ton for the year ended december 31 , 2012 , to $ 260 per ton for the year ended december 31 , 2013. we experienced higher cash operating costs per ton in 2013 due to increased production costs per ton at our east and west facilities resulting from comparatively lower production levels as we work through more complex ore zones at our east west facilities . total cost of goods sold of trio ® decreased $ 12 per ton , or 4 % , from $ 286 per ton for the year ended december 31 , 2012 , to $ 274 per ton for the year ended december 31 , 2013. this decrease in cost of goods sold on a per-ton basis was primarily due to higher trio ® production volumes in 2013 over which production costs are allocated . in total , our cost of goods sold decreased $ 23.6 million , or 10 % , from $ 236.5 million in 2012 to $ 212.9 million in 2013 , as a result of fewer tons of potash sold in 2013. as a percentage of sales , cost of goods sold increased as our production costs increased while our total production decreased , resulting in higher per ton inventory values . the increases in production costs were the result of increases in labor costs , natural gas , electricity , maintenance and professional services during the year ended december 31 , 2013. on a comparative basis , and within our production costs , depreciation and depletion increased $ 12.4 million , or 29 % , during 2013 as a result of the significant capital investments being placed into service during 2013. selling

