we operate one of the largest streaming audio advertising networks in the united states , including owned and operated internet radio simulcast stations , and other third party digital audio companies with whom we have advertising reseller agreements . through cumulus digital c-suite , a comprehensive portfolio of digital marketing solutions , we sell digital advertising adjacent to , or embedded in , podcasts through our network of owned and third party podcasts . additionally , our digital commerce platform utilizes couponing and discounted daily deals to create promotional opportunities for local , regional and national clients under our sweet deals and incentrev brands . we also sell banner and other display ads across more than 400 local radio station websites , mobile applications , and ancillary custom client microsites . political advertising revenue . political advertising revenue is generated across all of our broadcast and digital assets , but we highlight it as a separate category to distinguish its highly cyclical nature versus core revenue . political advertising is generally strongest during even-numbered years , especially in the fourth quarter of such years , when most national and state elections are conducted . in addition to candidate advertising revenue , we also receive advertising revenue from special interest and advocacy groups . license fees & other . all other non-advertising based revenue types in which the company participates are aggregated in our license fees & other revenue category . this includes fees we receive for content licensing , third party network compensation , proprietary software licensing , subleases and rents ( predominantly for owned towers ) , and all other revenue . current bankruptcy proceedings ; liquidity and going concern considerations on november 29 , 2017 ( the `` petition date `` ) , the company and certain of its direct and indirect subsidiaries ( collectively , the “ debtors ” ) filed voluntary petitions for relief ( the “ bankruptcy petitions ” ) under chapter 11 of title 11 of the united states code ( the “ bankruptcy code ” ) in the united states bankruptcy court for the southern district of new york ( the “ bankruptcy court ” . the debtors ' chapter 11 cases are being jointly administered under the caption in re cumulus media inc. , et al , case no . 17-13381 . 37 index to financial statements immediately prior to the commencement of the case the debtors entered into a restructuring support agreement ( the “ restructuring support agreement ” ) with certain creditors ( the “ consenting creditors ” ) under that certain amended and restated credit agreement , dated as of december 23 , 2013 ( the “ credit agreement ” ) , by and among the company , cumulus media holdings inc. , as borrower , jpmorgan chase bank , n.a . , as administrative agent , and the lenders party thereto from time to time , and crestview radio investors , llc and certain of its affiliates ( the “ consenting equityholders ” ) . the restructuring support agreement contemplates the implementation of a financial restructuring of the debtors ( as described below ) through a conversion of more than $ 1.0 billion of the company 's funded debt into equity ( collectively , the “ restructuring ” ) . the restructuring will be effectuated by a joint plan of reorganization ( the “ plan ” ) under chapter 11 of the bankruptcy code if confirmed by the bankruptcy court . on december 1 , 2017 , the bankruptcy court approved certain motions and applications the debtors filed on the petition date ( the “ first day motions ” ) , certain of which were approved on an interim basis . on december 21 , 2017 , the bankruptcy court approved all of the company 's first day motions on a final basis . pursuant to the first day motions , and subject to certain terms and dollar limits included therein , the company was authorized to continue to use its unrestricted cash on hand , as well as all cash generated from daily operations , which is being used to continue the company 's operations without interruption during the course of its restructuring . also pursuant to the first day motions , the company received bankruptcy court authorization to , among other things and subject to the terms and conditions set forth in the applicable orders , pay certain pre-petition employee wages , salaries , health benefits and other employee obligations during its restructuring , pay certain claims relating to on-air talent and taxes , continue its cash management programs and insurance policies , as well as continue to honor its current customer programs . the company is authorized under the bankruptcy code to pay post-petition expenses incurred in the ordinary course of business without seeking bankruptcy court approval . until a plan of reorganization is approved and effective , the debtors will continue to manage their properties and operate their businesses as a “ debtor in possession ” under the jurisdiction of the bankruptcy court and in accordance with the applicable provisions of the bankruptcy code and the orders of the bankruptcy court . on december 9 , 2017 , the debtors filed the plan with the bankruptcy court and a related disclosure statement ( the `` disclosure statement `` ) pursuant to chapter 11 of the bankruptcy code . on january 18 , 2018 , the debtors filed with the bankruptcy court a first modified joint plan of reorganization and the related first modified disclosure statement for the plan pursuant to chapter 11 of the bankruptcy code . the plan and disclosure statement were further modified on january 31 , 2018 , february 2 , 2018 , february 12 , 2018 , and march 16 , 2018. on february 2 , 2018 , the bankruptcy court entered an order approving the disclosure statement and authorizing the solicitation of votes on the plan . story_separator_special_tag our sales of advertising time are primarily affected by the demand from local , regional and national advertisers , which also impacts the advertising rates we charge . advertising demand and rates are based primarily on the ability to attract audiences in the demographic groups targeted by such advertisers , as measured principally by various ratings agencies on a periodic basis . we endeavor to provide compelling programming and form connections between our on-air talent and listeners in order to develop strong listener loyalty , and we believe that the diversification of our formats and programs , including non-music formats and proprietary content , helps to insulate us from the effects of changes in the musical tastes of the public with respect to any particular format . we strive to maximize revenue by managing our on-air inventory of advertising time and adjusting prices based on supply and demand . the optimal number of advertisements available for sale depends on the programming format of a particular radio program . each program has a general target level of on-air inventory available for advertising . this target level of advertising inventory may vary at different times of the day but tends to remain stable over time . we seek to broaden our base of advertisers in each of our markets by providing a wide array of audience demographic segments across each cluster of stations , thereby providing potential advertisers with an effective means to reach a targeted demographic group . our advertising contracts are generally short-term . we generate most of our revenue from local and regional advertising , which is sold primarily by a station 's sales staff . in addition to local and regional advertising revenues , we monetize our available inventory in both national spot and network sales marketplaces using our national platform . to effectively deliver network advertising for our customers , we distribute content and programming through third party affiliates in order to reach a broader national audience . typically , in exchange for the right to broadcast radio network programming , third party affiliates remit a portion of their advertising time to us , which is then aggregated into packages focused on specific demographic groups and sold by us to our advertiser clients that want to reach those demographic groups on a national basis . in the broadcasting industry , we sometimes utilize trade or barter agreements that exchange advertising time for goods or services such as travel or lodging , instead of for cash . trade revenue totaled $ 40.1 million , $ 37.7 million and $ 39.2 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . we continually evaluate opportunities to increase revenues through new platforms , including technology-based initiatives . as a result of those revenue increasing opportunities through new platforms , our operating results in any period may be affected by the incurrence of advertising and promotion expenses that typically do not have an effect on revenue generation until future periods , if at all . in addition , as part of this evaluation we also from time to time reorganize and discontinue certain redundant and or unprofitable content vehicles across our platform which we expect will impact our broadcast revenues in the future . to date inflation has not had a material effect on our revenues or results of operations , although no assurances can be provided that material inflation in the future would not materially adversely affect us . 41 index to financial statements non-gaap financial measure consolidated adjusted earnings before interest , taxes , depreciation , and amortization ( `` adjusted ebitda `` ) and segment adjusted ebitda are the financial metrics by which management and the chief operating decision maker allocate resources of the company and analyze the performance of the company as a whole and each of our reportable segments , respectively . management also uses this measure to determine the contribution of our core operations to the funding of our corporate resources utilized to manage our operations and our non-operating expenses including debt service and acquisitions . in addition , consolidated adjusted ebitda , excluding the impact of local marketing agreement fees , is a key metric for purposes of calculating and determining our compliance with certain covenants contained in our credit agreement . the company excludes from adjusted ebitda items not related to core operations and those that are non-cash including : depreciation , amortization , stock-based compensation expense , gain or loss on the exchange or sale of any assets or stations , early extinguishment of debt , local marketing agreement fees , expenses relating to acquisitions , restructuring costs , reorganization items and non-cash impairments of assets . management believes that adjusted ebitda , although not a measure that is calculated in accordance with gaap , is commonly employed by the investment community as a measure for determining the market value of a media company and comparing the operational and financial performance among media companies . management has also observed that adjusted ebitda is routinely utilized to evaluate and negotiate the potential purchase price for media companies . given the relevance to our overall value , management believes that investors consider the metric to be extremely useful . adjusted ebitda should not be considered in isolation or as a substitute for net income ( loss ) , operating income , cash flows from operating activities or any other measure for determining the company 's operating performance or liquidity that is calculated in accordance with gaap . in addition , adjusted ebitda may be defined or calculated differently by other companies , and comparability may be limited . 42 index to financial statements consolidated results of operations analysis of consolidated statements of operations the following selected data from our audited consolidated statements of operations and other supplementary data should be referred to while reading the results of operations discussion that follows ( dollars in thousands ) : replace_table_token_14_th

liquidity and capital resources liquidity considerations the following table summarizes our significant non-operating cash payments made in the years ended december 31 , 2017 , 2016 and 2015 ( dollars in thousands ) : replace_table_token_28_th net cash provided by operating activities replace_table_token_29_th for the year ended december 31 , 2017 , net cash provided by operating activities increased by $ 50.9 million over the prior year . the increase was because of an increase in operating cash flows primarily as a result of changes in accounts payable and prepaid expenses and increases in net income and non cash reorganization charges , partially offset by a decrease in deferred income taxes . for the year ended december 31 , 2016 , net cash provided by operating activities decreased by $ 46.7 million over the prior year . the decrease was because of an increase primarily as a result of cash collections and payments of accounts payable and prepaid expenses , partially offset by decreases in net income and adjustments for depreciation and amortization of intangibles and debt issuance costs/discounts , gain ( loss ) on sale of assets or stations , impairment charges , deferred income taxes and stock-based compensation expense of $ 53.1 million , primarily the result of the non-cash gain on the august 2016 sale of certain assetsin our los angeles market .


 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 liquidity considerations the following table summarizes our significant non-operating cash payments made in the years ended december 31 , 2017 , 2016 and 2015 ( dollars in thousands ) : replace_table_token_28_th net cash provided by operating activities replace_table_token_29_th for the year ended december 31 , 2017 , net cash provided by operating activities increased by $ 50.9 million over the prior year . the increase was because of an increase in operating cash flows primarily as a result of changes in accounts payable and prepaid expenses and increases in net income and non cash reorganization charges , partially offset by a decrease in deferred income taxes . for the year ended december 31 , 2016 , net cash provided by operating activities decreased by $ 46.7 million over the prior year . the decrease was because of an increase primarily as a result of cash collections and payments of accounts payable and prepaid expenses , partially offset by decreases in net income and adjustments for depreciation and amortization of intangibles and debt issuance costs/discounts , gain ( loss ) on sale of assets or stations , impairment charges , deferred income taxes and stock-based compensation expense of $ 53.1 million , primarily the result of the non-cash gain on the august 2016 sale of certain assetsin our los angeles market .
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 Suspicious Activity Report : we operate one of the largest streaming audio advertising networks in the united states , including owned and operated internet radio simulcast stations , and other third party digital audio companies with whom we have advertising reseller agreements . through cumulus digital c-suite , a comprehensive portfolio of digital marketing solutions , we sell digital advertising adjacent to , or embedded in , podcasts through our network of owned and third party podcasts . additionally , our digital commerce platform utilizes couponing and discounted daily deals to create promotional opportunities for local , regional and national clients under our sweet deals and incentrev brands . we also sell banner and other display ads across more than 400 local radio station websites , mobile applications , and ancillary custom client microsites . political advertising revenue . political advertising revenue is generated across all of our broadcast and digital assets , but we highlight it as a separate category to distinguish its highly cyclical nature versus core revenue . political advertising is generally strongest during even-numbered years , especially in the fourth quarter of such years , when most national and state elections are conducted . in addition to candidate advertising revenue , we also receive advertising revenue from special interest and advocacy groups . license fees & other . all other non-advertising based revenue types in which the company participates are aggregated in our license fees & other revenue category . this includes fees we receive for content licensing , third party network compensation , proprietary software licensing , subleases and rents ( predominantly for owned towers ) , and all other revenue . current bankruptcy proceedings ; liquidity and going concern considerations on november 29 , 2017 ( the `` petition date `` ) , the company and certain of its direct and indirect subsidiaries ( collectively , the “ debtors ” ) filed voluntary petitions for relief ( the “ bankruptcy petitions ” ) under chapter 11 of title 11 of the united states code ( the “ bankruptcy code ” ) in the united states bankruptcy court for the southern district of new york ( the “ bankruptcy court ” . the debtors ' chapter 11 cases are being jointly administered under the caption in re cumulus media inc. , et al , case no . 17-13381 . 37 index to financial statements immediately prior to the commencement of the case the debtors entered into a restructuring support agreement ( the “ restructuring support agreement ” ) with certain creditors ( the “ consenting creditors ” ) under that certain amended and restated credit agreement , dated as of december 23 , 2013 ( the “ credit agreement ” ) , by and among the company , cumulus media holdings inc. , as borrower , jpmorgan chase bank , n.a . , as administrative agent , and the lenders party thereto from time to time , and crestview radio investors , llc and certain of its affiliates ( the “ consenting equityholders ” ) . the restructuring support agreement contemplates the implementation of a financial restructuring of the debtors ( as described below ) through a conversion of more than $ 1.0 billion of the company 's funded debt into equity ( collectively , the “ restructuring ” ) . the restructuring will be effectuated by a joint plan of reorganization ( the “ plan ” ) under chapter 11 of the bankruptcy code if confirmed by the bankruptcy court . on december 1 , 2017 , the bankruptcy court approved certain motions and applications the debtors filed on the petition date ( the “ first day motions ” ) , certain of which were approved on an interim basis . on december 21 , 2017 , the bankruptcy court approved all of the company 's first day motions on a final basis . pursuant to the first day motions , and subject to certain terms and dollar limits included therein , the company was authorized to continue to use its unrestricted cash on hand , as well as all cash generated from daily operations , which is being used to continue the company 's operations without interruption during the course of its restructuring . also pursuant to the first day motions , the company received bankruptcy court authorization to , among other things and subject to the terms and conditions set forth in the applicable orders , pay certain pre-petition employee wages , salaries , health benefits and other employee obligations during its restructuring , pay certain claims relating to on-air talent and taxes , continue its cash management programs and insurance policies , as well as continue to honor its current customer programs . the company is authorized under the bankruptcy code to pay post-petition expenses incurred in the ordinary course of business without seeking bankruptcy court approval . until a plan of reorganization is approved and effective , the debtors will continue to manage their properties and operate their businesses as a “ debtor in possession ” under the jurisdiction of the bankruptcy court and in accordance with the applicable provisions of the bankruptcy code and the orders of the bankruptcy court . on december 9 , 2017 , the debtors filed the plan with the bankruptcy court and a related disclosure statement ( the `` disclosure statement `` ) pursuant to chapter 11 of the bankruptcy code . on january 18 , 2018 , the debtors filed with the bankruptcy court a first modified joint plan of reorganization and the related first modified disclosure statement for the plan pursuant to chapter 11 of the bankruptcy code . the plan and disclosure statement were further modified on january 31 , 2018 , february 2 , 2018 , february 12 , 2018 , and march 16 , 2018. on february 2 , 2018 , the bankruptcy court entered an order approving the disclosure statement and authorizing the solicitation of votes on the plan . story_separator_special_tag our sales of advertising time are primarily affected by the demand from local , regional and national advertisers , which also impacts the advertising rates we charge . advertising demand and rates are based primarily on the ability to attract audiences in the demographic groups targeted by such advertisers , as measured principally by various ratings agencies on a periodic basis . we endeavor to provide compelling programming and form connections between our on-air talent and listeners in order to develop strong listener loyalty , and we believe that the diversification of our formats and programs , including non-music formats and proprietary content , helps to insulate us from the effects of changes in the musical tastes of the public with respect to any particular format . we strive to maximize revenue by managing our on-air inventory of advertising time and adjusting prices based on supply and demand . the optimal number of advertisements available for sale depends on the programming format of a particular radio program . each program has a general target level of on-air inventory available for advertising . this target level of advertising inventory may vary at different times of the day but tends to remain stable over time . we seek to broaden our base of advertisers in each of our markets by providing a wide array of audience demographic segments across each cluster of stations , thereby providing potential advertisers with an effective means to reach a targeted demographic group . our advertising contracts are generally short-term . we generate most of our revenue from local and regional advertising , which is sold primarily by a station 's sales staff . in addition to local and regional advertising revenues , we monetize our available inventory in both national spot and network sales marketplaces using our national platform . to effectively deliver network advertising for our customers , we distribute content and programming through third party affiliates in order to reach a broader national audience . typically , in exchange for the right to broadcast radio network programming , third party affiliates remit a portion of their advertising time to us , which is then aggregated into packages focused on specific demographic groups and sold by us to our advertiser clients that want to reach those demographic groups on a national basis . in the broadcasting industry , we sometimes utilize trade or barter agreements that exchange advertising time for goods or services such as travel or lodging , instead of for cash . trade revenue totaled $ 40.1 million , $ 37.7 million and $ 39.2 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . we continually evaluate opportunities to increase revenues through new platforms , including technology-based initiatives . as a result of those revenue increasing opportunities through new platforms , our operating results in any period may be affected by the incurrence of advertising and promotion expenses that typically do not have an effect on revenue generation until future periods , if at all . in addition , as part of this evaluation we also from time to time reorganize and discontinue certain redundant and or unprofitable content vehicles across our platform which we expect will impact our broadcast revenues in the future . to date inflation has not had a material effect on our revenues or results of operations , although no assurances can be provided that material inflation in the future would not materially adversely affect us . 41 index to financial statements non-gaap financial measure consolidated adjusted earnings before interest , taxes , depreciation , and amortization ( `` adjusted ebitda `` ) and segment adjusted ebitda are the financial metrics by which management and the chief operating decision maker allocate resources of the company and analyze the performance of the company as a whole and each of our reportable segments , respectively . management also uses this measure to determine the contribution of our core operations to the funding of our corporate resources utilized to manage our operations and our non-operating expenses including debt service and acquisitions . in addition , consolidated adjusted ebitda , excluding the impact of local marketing agreement fees , is a key metric for purposes of calculating and determining our compliance with certain covenants contained in our credit agreement . the company excludes from adjusted ebitda items not related to core operations and those that are non-cash including : depreciation , amortization , stock-based compensation expense , gain or loss on the exchange or sale of any assets or stations , early extinguishment of debt , local marketing agreement fees , expenses relating to acquisitions , restructuring costs , reorganization items and non-cash impairments of assets . management believes that adjusted ebitda , although not a measure that is calculated in accordance with gaap , is commonly employed by the investment community as a measure for determining the market value of a media company and comparing the operational and financial performance among media companies . management has also observed that adjusted ebitda is routinely utilized to evaluate and negotiate the potential purchase price for media companies . given the relevance to our overall value , management believes that investors consider the metric to be extremely useful . adjusted ebitda should not be considered in isolation or as a substitute for net income ( loss ) , operating income , cash flows from operating activities or any other measure for determining the company 's operating performance or liquidity that is calculated in accordance with gaap . in addition , adjusted ebitda may be defined or calculated differently by other companies , and comparability may be limited . 42 index to financial statements consolidated results of operations analysis of consolidated statements of operations the following selected data from our audited consolidated statements of operations and other supplementary data should be referred to while reading the results of operations discussion that follows ( dollars in thousands ) : replace_table_token_14_th

