other key accomplishments for the company in 2012 included : we maintained or gained market share in all of our core technologies ; we penetrated new markets ( such as mems , power electronics , and oled ) and shipped tools to new customers in all key regions ; we delivered on our target for shipments , met our annual guidance of more than $ 500 million in revenue and generated approximately $ 87 million in cash , cash equivalents and short-term investments ; we effectively managed operations and moved quickly in response to changing business conditions . outlook through the first nine months of 2013 , we have not seen any clear signs that customer overcapacity in our mocvd business and weak end market demand in our data storage segment will improve in the near term . our customers continue to guard spending tightly and limit capacity expansions . the led industry is still in an equipment digestion period and near term visibility remains limited . with few mocvd deals available , we have also experienced increased pricing pressure . in our data storage segment , our hard drive customers are experiencing weak end market demand which has resulted in excess manufacturing capacity , therefore they are only making select technology purchases . while our overall bookings have continued to decline in 2013 , bookings in our data storage segment have been relatively flat for the first nine months of 2013 compared to the first nine months of 2012. while the company has been actively working to reduce costs during this extended business downturn , pricing pressure and persistent low volumes in mocvd represent significant headwinds and have caused the company to move to a loss in 2013. our outlook discussion above constitutes `` forward-looking statements `` within the meaning of section 27a of the securities act of 1933 , as amended , and section 21e of the securities exchange act of 1934 , as amended . our expectations regarding future results are subject to risks and uncertainties . our actual results may differ materially from those anticipated . you should not place undue reliance on any forward-looking statements , which speak only as of the dates they are made . results of operations out of period adjustment as a result of our accounting review we identified errors in the consolidated financial statements related to prior periods . the errors were primarily attributable to the misapplication of u.s. gaap for recognizing revenue and related costs under multiple element arrangements and accounting for warranties . we assessed the materiality of these errors , both quantitatively and qualitatively , and concluded that these errors were not material , individually or in the aggregate , to our consolidated financial statements in this or any other prior periods . during the course of our review , we identified 35 net cumulative errors which overstated cumulative net income from continuing operations through december 31 , 2011 by $ 0.6 million . as a result , in 2012 we recorded adjustments to correct all prior periods resulting in a decrease in income from continuing operations of $ 0.6 million . years ended december 31 , 2012 and 2011 the following table shows our consolidated statements of income , percentages of sales and comparisons between 2012 and 2011 ( dollars in thousands ) : replace_table_token_7_th * not meaningful 36 net sales and orders net sales of $ 516.0 million for the year ended december 31 , 2012 , were down 47.3 % compared to 2011. the following is an analysis of sales and orders by segment and by region ( dollars in thousands ) : replace_table_token_8_th ( 1 ) less than 1 % , of sales included within the united states caption above has been derived from other regions within the americas . by segment , led & solar sales decreased 56.1 % in 2012 primarily due to a 62.0 % decrease in mocvd reactor shipments from the prior year as a result of industry overcapacity following over two years of strong customer investments . data storage sales increased slightly by 1.0 % , primarily due to an increase in shipments to replace equipment destroyed by flooding in customer facilities in thailand offset by reduced demand due to our customers ' hesitancy to add manufacturing capacity during weak global economic conditions . led & solar sales represented 70.4 % of total sales for the year ended december 31 , 2012 , down from 84.5 % in the prior year . data storage sales accounted for 29.6 % of net sales , up from 15.5 % in the prior year . by region , net sales decreased by 52.4 % in asia pacific ( `` apac `` ) , primarily due to lower mocvd sales to led customers . sales in the americas and europe , middle east and africa ( `` emea `` ) also decreased 17.2 % and 27.6 % , respectively , due to reduced end market demand resulting from the weak global economy . we believe that there will continue to be year-to-year variations in the geographic distribution of sales . orders in 2012 decreased 52.1 % compared to 2011 , primarily attributable to a 53.1 % decrease in led & solar orders that were principally driven by a decline in mocvd bookings due to industry overcapacity . after hitting a peak in the second quarter of 2011 , veeco 's bookings slowed dramatically in the second half of 2011 which continued throughout 2012. data storage orders decreased 48.1 % as strong prior year orders from hard drive customers recovering from the flood in thailand resulted in those customers being over-invested in capacity . in addition , the industry appears to have frozen further investments as end-user hard drive demand has slowed . story_separator_special_tag revenue recognition : we recognize revenue when all of the following criteria have been met : persuasive evidence of an arrangement exists with a customer ; delivery of the specified products has occurred or services have been rendered ; prices are contractually fixed or determinable ; and collectability is reasonably assured . revenue is recorded including shipping and handling costs and excluding applicable taxes related to sales . a significant portion of our revenue is derived from contractual arrangements with customers that have multiple elements , such as systems , upgrades , components , spare parts , maintenance and service plans . for sales arrangements that contain multiple elements , we split the arrangement into separate units of accounting if the individually delivered elements have value to the customer on a standalone basis . we also evaluate whether multiple transactions with the same customer or related party should be considered part of a multiple element arrangement , whereby we assess , among other factors , whether the contracts or agreements are negotiated or executed within a short time frame of each other or if there are indicators that the contracts are negotiated in contemplation of each other . when we have separate units of accounting , we allocate revenue to each element based on the following selling price hierarchy : vendor-specific objective evidence ( `` vsoe `` ) if available ; third party evidence ( `` tpe `` ) if vsoe is not available ; or our best estimate of selling price ( `` besp `` ) if neither vsoe nor tpe is available . for the majority of the elements in our arrangements we utilize besp . the accounting guidance for selling price hierarchy did not include besp for arrangements entered into prior to january 1 , 2011 , and as such we recognized revenue for those arrangements as described below . we consider many facts when evaluating each of our sales arrangements to determine the timing of revenue recognition , including the contractual obligations , the customer 's creditworthiness and the nature of the customer 's post-delivery acceptance provisions . our system sales arrangements , including certain upgrades , generally include field acceptance provisions that may include functional or mechanical test procedures . for the majority of our arrangements , a customer source inspection of the system is performed in our facility or test data is sent to the customer documenting that the system is functioning to the agreed upon specifications prior to delivery . historically , such source inspection or test data replicates the field acceptance provisions that will be performed at the customer 's site prior to final acceptance of the system . as such , we objectively demonstrate that the criteria specified in the contractual acceptance provisions are achieved prior to delivery and , therefore , we recognize revenue upon delivery since there is no substantive contingency remaining related to the acceptance provisions at that date , subject to the retention amount constraint described below . for new products , new applications of existing products or for products with substantive customer acceptance provisions where we can not objectively demonstrate that the criteria specified in the contractual acceptance provisions have been achieved prior to delivery , revenue and the associated costs are deferred and fully recognized upon the receipt of final customer acceptance , assuming all other revenue recognition criteria have been met . our system sales arrangements , including certain upgrades , generally do not contain provisions for right of return or forfeiture , refund , or other purchase price concessions . in the rare instances where such provisions are included , we defer all revenue until such rights expire . in many cases our products are sold with a billing retention , typically 10 % of the sales price ( the `` retention amount `` ) , which is 48 typically payable by the customer when field acceptance provisions are completed . the amount of revenue recognized upon delivery of a system or upgrade is limited to the lower of i ) the amount that is not contingent upon acceptance provisions or ii ) the value allocated to the delivered elements , if such sale is part of a multiple-element arrangement . for transactions entered into prior to january 1 , 2011 , under the accounting rules for multiple-element arrangements in place at that time , we deferred the greater of the retention amount or the relative fair value of the undelivered elements based on vsoe . when we could not establish vsoe or tpe for all undelivered elements of an arrangement , revenue on the entire arrangement was deferred until the earlier of the point when we did have vsoe for all undelivered elements or the delivery of all elements of the arrangement . our sales arrangements , including certain upgrades , generally include installation . the installation process is not deemed essential to the functionality of the equipment since it is not complex ; that is , it does not require significant changes to the features or capabilities of the equipment or involve building elaborate interfaces or connections subsequent to factory acceptance . we have a demonstrated history of consistently completing installations in a timely manner and can reliably estimate the costs of such activities . most customers engage us to perform the installation services , although there are other third-party providers with sufficient knowledge who could complete these services . based on these factors , we deem the installation of our systems to be inconsequential and perfunctory relative to the system as a whole , and as a result , do not consider such services to be a separate element of the arrangement . as such , we accrue the cost of the installation at the time of revenue recognition for the system . in japan , where our contractual terms with customers generally specify title and risk and rewards of ownership transfer upon customer acceptance , revenue is recognized and

liquidity and capital resources cash and cash equivalents as of december 31 , 2012 was $ 384.6 million . this amount represents an increase of $ 166.6 million from december 31 , 2011. we also had short-term investments and restricted 45 cash of $ 192.2 million and $ 2.0 million , respectively , as of december 31 , 2012. a summary of the current year cash flow activity is as follows ( in thousands ) : replace_table_token_29_th cash provided from operations during 2012 was relatively flat compared to 2011 despite the $ 97.1 million reduction in net income and the prior year benefit of $ 44.4 million from non-cash items from discontinued operations and $ 11.3 million in deferred taxes . changes in operating assets and liabilities contributed $ 56.3 million in positive cash flows for 2012 compared to the utilization of $ 88.7 million in cash during 2011 , resulting in a favorable impact of $ 145.0 million . cash provided by investing activities in 2012 declined by $ 58.0 million compared to the prior year . we consumed less cash in capital expenditures by $ 35.4 million and our acquisition costs declined by $ 17.9 million from the prior year . during 2012 , the company did not have the benefit of $ 75.5 million released from restricted cash related to discontinued operations which it had in 2011. furthermore , we generated $ 39.3 million less from our short-term investment activity in 2012 compared to 2011. we generated $ 5.6 million in cash from our financing activities in 2012 compared to using $ 249.9 million in 2011 , a favorable change of $ 255.5 million . this change results in part from the use of $ 162.1 million for the purchase of treasury stock in 2011 which we did not do in 2012 and repayments on our long-term debt were reduced by $ 105.6 million in 2012 compared to 2011. as of september 30 , 2013 our cash and cash equivalent balance , including restricted cash of $ 2.9 million was $ 250.5 million .


 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 cash and cash equivalents as of december 31 , 2012 was $ 384.6 million . this amount represents an increase of $ 166.6 million from december 31 , 2011. we also had short-term investments and restricted 45 cash of $ 192.2 million and $ 2.0 million , respectively , as of december 31 , 2012. a summary of the current year cash flow activity is as follows ( in thousands ) : replace_table_token_29_th cash provided from operations during 2012 was relatively flat compared to 2011 despite the $ 97.1 million reduction in net income and the prior year benefit of $ 44.4 million from non-cash items from discontinued operations and $ 11.3 million in deferred taxes . changes in operating assets and liabilities contributed $ 56.3 million in positive cash flows for 2012 compared to the utilization of $ 88.7 million in cash during 2011 , resulting in a favorable impact of $ 145.0 million . cash provided by investing activities in 2012 declined by $ 58.0 million compared to the prior year . we consumed less cash in capital expenditures by $ 35.4 million and our acquisition costs declined by $ 17.9 million from the prior year . during 2012 , the company did not have the benefit of $ 75.5 million released from restricted cash related to discontinued operations which it had in 2011. furthermore , we generated $ 39.3 million less from our short-term investment activity in 2012 compared to 2011. we generated $ 5.6 million in cash from our financing activities in 2012 compared to using $ 249.9 million in 2011 , a favorable change of $ 255.5 million . this change results in part from the use of $ 162.1 million for the purchase of treasury stock in 2011 which we did not do in 2012 and repayments on our long-term debt were reduced by $ 105.6 million in 2012 compared to 2011. as of september 30 , 2013 our cash and cash equivalent balance , including restricted cash of $ 2.9 million was $ 250.5 million .
```    
 Suspicious Activity Report : other key accomplishments for the company in 2012 included : we maintained or gained market share in all of our core technologies ; we penetrated new markets ( such as mems , power electronics , and oled ) and shipped tools to new customers in all key regions ; we delivered on our target for shipments , met our annual guidance of more than $ 500 million in revenue and generated approximately $ 87 million in cash , cash equivalents and short-term investments ; we effectively managed operations and moved quickly in response to changing business conditions . outlook through the first nine months of 2013 , we have not seen any clear signs that customer overcapacity in our mocvd business and weak end market demand in our data storage segment will improve in the near term . our customers continue to guard spending tightly and limit capacity expansions . the led industry is still in an equipment digestion period and near term visibility remains limited . with few mocvd deals available , we have also experienced increased pricing pressure . in our data storage segment , our hard drive customers are experiencing weak end market demand which has resulted in excess manufacturing capacity , therefore they are only making select technology purchases . while our overall bookings have continued to decline in 2013 , bookings in our data storage segment have been relatively flat for the first nine months of 2013 compared to the first nine months of 2012. while the company has been actively working to reduce costs during this extended business downturn , pricing pressure and persistent low volumes in mocvd represent significant headwinds and have caused the company to move to a loss in 2013. our outlook discussion above constitutes `` forward-looking statements `` within the meaning of section 27a of the securities act of 1933 , as amended , and section 21e of the securities exchange act of 1934 , as amended . our expectations regarding future results are subject to risks and uncertainties . our actual results may differ materially from those anticipated . you should not place undue reliance on any forward-looking statements , which speak only as of the dates they are made . results of operations out of period adjustment as a result of our accounting review we identified errors in the consolidated financial statements related to prior periods . the errors were primarily attributable to the misapplication of u.s. gaap for recognizing revenue and related costs under multiple element arrangements and accounting for warranties . we assessed the materiality of these errors , both quantitatively and qualitatively , and concluded that these errors were not material , individually or in the aggregate , to our consolidated financial statements in this or any other prior periods . during the course of our review , we identified 35 net cumulative errors which overstated cumulative net income from continuing operations through december 31 , 2011 by $ 0.6 million . as a result , in 2012 we recorded adjustments to correct all prior periods resulting in a decrease in income from continuing operations of $ 0.6 million . years ended december 31 , 2012 and 2011 the following table shows our consolidated statements of income , percentages of sales and comparisons between 2012 and 2011 ( dollars in thousands ) : replace_table_token_7_th * not meaningful 36 net sales and orders net sales of $ 516.0 million for the year ended december 31 , 2012 , were down 47.3 % compared to 2011. the following is an analysis of sales and orders by segment and by region ( dollars in thousands ) : replace_table_token_8_th ( 1 ) less than 1 % , of sales included within the united states caption above has been derived from other regions within the americas . by segment , led & solar sales decreased 56.1 % in 2012 primarily due to a 62.0 % decrease in mocvd reactor shipments from the prior year as a result of industry overcapacity following over two years of strong customer investments . data storage sales increased slightly by 1.0 % , primarily due to an increase in shipments to replace equipment destroyed by flooding in customer facilities in thailand offset by reduced demand due to our customers ' hesitancy to add manufacturing capacity during weak global economic conditions . led & solar sales represented 70.4 % of total sales for the year ended december 31 , 2012 , down from 84.5 % in the prior year . data storage sales accounted for 29.6 % of net sales , up from 15.5 % in the prior year . by region , net sales decreased by 52.4 % in asia pacific ( `` apac `` ) , primarily due to lower mocvd sales to led customers . sales in the americas and europe , middle east and africa ( `` emea `` ) also decreased 17.2 % and 27.6 % , respectively , due to reduced end market demand resulting from the weak global economy . we believe that there will continue to be year-to-year variations in the geographic distribution of sales . orders in 2012 decreased 52.1 % compared to 2011 , primarily attributable to a 53.1 % decrease in led & solar orders that were principally driven by a decline in mocvd bookings due to industry overcapacity . after hitting a peak in the second quarter of 2011 , veeco 's bookings slowed dramatically in the second half of 2011 which continued throughout 2012. data storage orders decreased 48.1 % as strong prior year orders from hard drive customers recovering from the flood in thailand resulted in those customers being over-invested in capacity . in addition , the industry appears to have frozen further investments as end-user hard drive demand has slowed . story_separator_special_tag revenue recognition : we recognize revenue when all of the following criteria have been met : persuasive evidence of an arrangement exists with a customer ; delivery of the specified products has occurred or services have been rendered ; prices are contractually fixed or determinable ; and collectability is reasonably assured . revenue is recorded including shipping and handling costs and excluding applicable taxes related to sales . a significant portion of our revenue is derived from contractual arrangements with customers that have multiple elements , such as systems , upgrades , components , spare parts , maintenance and service plans . for sales arrangements that contain multiple elements , we split the arrangement into separate units of accounting if the individually delivered elements have value to the customer on a standalone basis . we also evaluate whether multiple transactions with the same customer or related party should be considered part of a multiple element arrangement , whereby we assess , among other factors , whether the contracts or agreements are negotiated or executed within a short time frame of each other or if there are indicators that the contracts are negotiated in contemplation of each other . when we have separate units of accounting , we allocate revenue to each element based on the following selling price hierarchy : vendor-specific objective evidence ( `` vsoe `` ) if available ; third party evidence ( `` tpe `` ) if vsoe is not available ; or our best estimate of selling price ( `` besp `` ) if neither vsoe nor tpe is available . for the majority of the elements in our arrangements we utilize besp . the accounting guidance for selling price hierarchy did not include besp for arrangements entered into prior to january 1 , 2011 , and as such we recognized revenue for those arrangements as described below . we consider many facts when evaluating each of our sales arrangements to determine the timing of revenue recognition , including the contractual obligations , the customer 's creditworthiness and the nature of the customer 's post-delivery acceptance provisions . our system sales arrangements , including certain upgrades , generally include field acceptance provisions that may include functional or mechanical test procedures . for the majority of our arrangements , a customer source inspection of the system is performed in our facility or test data is sent to the customer documenting that the system is functioning to the agreed upon specifications prior to delivery . historically , such source inspection or test data replicates the field acceptance provisions that will be performed at the customer 's site prior to final acceptance of the system . as such , we objectively demonstrate that the criteria specified in the contractual acceptance provisions are achieved prior to delivery and , therefore , we recognize revenue upon delivery since there is no substantive contingency remaining related to the acceptance provisions at that date , subject to the retention amount constraint described below . for new products , new applications of existing products or for products with substantive customer acceptance provisions where we can not objectively demonstrate that the criteria specified in the contractual acceptance provisions have been achieved prior to delivery , revenue and the associated costs are deferred and fully recognized upon the receipt of final customer acceptance , assuming all other revenue recognition criteria have been met . our system sales arrangements , including certain upgrades , generally do not contain provisions for right of return or forfeiture , refund , or other purchase price concessions . in the rare instances where such provisions are included , we defer all revenue until such rights expire . in many cases our products are sold with a billing retention , typically 10 % of the sales price ( the `` retention amount `` ) , which is 48 typically payable by the customer when field acceptance provisions are completed . the amount of revenue recognized upon delivery of a system or upgrade is limited to the lower of i ) the amount that is not contingent upon acceptance provisions or ii ) the value allocated to the delivered elements , if such sale is part of a multiple-element arrangement . for transactions entered into prior to january 1 , 2011 , under the accounting rules for multiple-element arrangements in place at that time , we deferred the greater of the retention amount or the relative fair value of the undelivered elements based on vsoe . when we could not establish vsoe or tpe for all undelivered elements of an arrangement , revenue on the entire arrangement was deferred until the earlier of the point when we did have vsoe for all undelivered elements or the delivery of all elements of the arrangement . our sales arrangements , including certain upgrades , generally include installation . the installation process is not deemed essential to the functionality of the equipment since it is not complex ; that is , it does not require significant changes to the features or capabilities of the equipment or involve building elaborate interfaces or connections subsequent to factory acceptance . we have a demonstrated history of consistently completing installations in a timely manner and can reliably estimate the costs of such activities . most customers engage us to perform the installation services , although there are other third-party providers with sufficient knowledge who could complete these services . based on these factors , we deem the installation of our systems to be inconsequential and perfunctory relative to the system as a whole , and as a result , do not consider such services to be a separate element of the arrangement . as such , we accrue the cost of the installation at the time of revenue recognition for the system . in japan , where our contractual terms with customers generally specify title and risk and rewards of ownership transfer upon customer acceptance , revenue is recognized and

