company-operated shop-in-shop/concession locations worldwide under our tommy hilfiger and calvin klein trademarks , and ( c ) digital commerce sites in over 30 countries under our tommy hilfiger and calvin klein trademarks and in the united states through our directly operated digital commerce sites for speedo , true & co . , van heusen , and izod , as well as our 32 stylebureau .com site . additionally , we generate royalty , advertising and other revenue from fees for licensing the use of our trademarks . we manage our operations through our operating divisions , which are presented as six reportable segments : ( i ) tommy hilfiger north america ; ( ii ) tommy hilfiger international ; ( iii ) calvin klein north america ; ( iv ) calvin klein international ; ( v ) heritage brands wholesale ; and ( vi ) heritage brands retail . we have entered into the following transactions that have impacted our results of operations and the comparability among the years , including our 2020 expectations as compared to 2019 , as discussed below : we entered into a definitive agreement on january 9 , 2020 to sell our speedo north america business to pentland for $ 170 million in cash , subject to a working capital adjustment , as described above . we recorded a pre-tax noncash loss of $ 142 million in the fourth quarter of 2019 related to the speedo transaction and expected deconsolidation of the net assets of the business , consisting of ( i ) a noncash impairment of our perpetual license right for the speedo trademark and ( ii ) a noncash loss to reduce the carrying value of the business to its estimated fair value , less costs to sell . we entered into agreements on july 3 , 2019 to terminate early the licenses for the global calvin klein and tommy hilfiger north america socks and hosiery businesses in order to consolidate the socks and hosiery businesses for all of our brands in the united states and canada in a newly formed joint venture , pvh legwear , in which we own a 49 % economic interest , and to bring in-house the international calvin klein socks and hosiery wholesale businesses . pvh legwear was formed with a wholly owned subsidiary of our former heritage brands socks and hosiery licensee , and licenses from us the rights to distribute and sell tommy hilfiger , calvin klein , izod , van heusen and warner 's socks and hosiery beginning in december 2019. we recorded a pre-tax charge of $ 60 million during 2019 in connection with these agreements . we completed the australia and th csap acquisitions in the second quarter of 2019. the australia acquisition closed on may 31 , 2019. prior to the closing , we , along with gazal , jointly owned and managed a joint venture , pvh australia , which licensed and operated businesses under the tommy hilfiger , calvin klein and van heusen brands , along with other owned and licensed brands . pvh australia came under our full control as a result of the australia acquisition and we now operate directly those businesses . the aggregate net purchase price for the shares acquired was $ 59 million , net of cash acquired and after taking into account the proceeds from the divestiture to a third party of an office building and warehouse owned by gazal in june 2019. we completed the th csap acquisition on july 1 , 2019 for $ 74 million , as a result of which we now operate directly the tommy hilfiger retail business in the central and southeast asia market . please see note 3 , “ acquisitions , ” in the notes to consolidated financial statements included in item 8 of this report for further discussion . in connection with the australia and th csap acquisitions , we recorded an aggregate net pre-tax gain of $ 83 million during 2019 , including ( i ) a noncash gain of $ 113 million to write up our existing equity investments in gazal and pvh australia to fair value , partially offset by ( ii ) $ 21 million of pre-tax costs , primarily consisting of noncash valuation adjustments and one-time expenses recorded on our equity investments in gazal and pvh australia prior to the australia acquisition closing , and ( iii ) a $ 9 million expense recorded in interest expense , net resulting from the remeasurement of our mandatorily redeemable non-controlling interest that was recognized in connection with the australia acquisition . we entered into a licensing agreement on may 30 , 2019 with g-iii for the design , production and wholesale distribution of calvin klein jeans women 's jeanswear collections in the united states and canada , which resulted in the discontinuation of our directly operated calvin klein north america women 's jeanswear wholesale business in 2019. we refinanced on april 29 , 2019 our senior credit facilities and recorded pre-tax debt modification and extinguishment charges of $ 5 million . please see the section entitled “ liquidity and capital resources ” below for further discussion . we closed our tommy hilfiger flagship and anchor stores in the united states ( the “ th u.s. store closures ” ) in the first quarter of 2019 and recorded pre-tax costs of $ 55 million , primarily consisting of noncash lease asset impairments . please see note 12 , “ fair value measurements , ” in the notes to consolidated financial statements included in item 8 of this report for further discussion of the noncash lease asset impairments . we announced on january 10 , 2019 a restructuring in connection with strategic changes for our calvin klein business ( the “ calvin klein restructuring ” ) . story_separator_special_tag the following table shows our revenue mix between net sales and royalty , advertising and other revenue , as well as our gross margin for 2019 , 2018 and 2017 : replace_table_token_3_th gross profit in 2019 was $ 5.388 billion , or 54.4 % of total revenue , as compared to $ 5.308 billion , or 55.0 % of total revenue , in 2018. the 60 basis point decrease in gross margin was principally driven by ( i ) a gross margin decline in our tommy hilfiger north america business due to more promotional selling as compared to the prior year , ( ii ) the impact of additional inventory reserves recorded in the fourth quarter of 2019 in anticipation of lower 2020 sales trends as a result of the onset of the covid-19 outbreak , ( iii ) short-lived noncash inventory valuation adjustments recorded in connection with the australia and th csap acquisitions , and ( iv ) the negative impact of tariffs imposed on goods imported from china into the united states . these decreases were partially offset by the favorable impact of faster growth in our tommy hilfiger 37 international and calvin klein international segments than in our north america segments , as our international segments generally carry higher gross margins , as well as gross margin improvements realized in our calvin klein north america business . gross profit in 2018 was $ 5.308 billion , or 55.0 % of total revenue , as compared to $ 4.894 billion , or 54.9 % of total revenue , in 2017. the 10 basis point increase in gross margin was principally driven by ( i ) a favorable mix of business due to faster growth in our tommy hilfiger international and calvin klein international segments than in our north america segments , as our international segments generally carry higher gross margins , and ( ii ) gross margin improvement in our tommy hilfiger business . partially offsetting these increases were gross margin declines in our calvin klein and heritage brands businesses principally due to more promotional selling . we currently expect that gross margin in 2020 will decrease as compared to 2019 primarily due to ( i ) the need for increased promotional selling and inventory liquidation as a result of the covid-19 outbreak and ( ii ) the unfavorable impact of the stronger united states dollar on our international businesses that purchase inventory in united states dollars , particularly our european businesses , as the increased local currency value of inventory results in higher cost of goods in local currency when the goods are sold . there is significant uncertainty with respect to the impact of the covid-19 outbreak on our business and the businesses of our licensees and other business partners . sg & a expenses our sg & a expenses were as follows : replace_table_token_4_th sg & a expenses in 2019 were $ 4.715 billion , or 47.6 % of total revenue , as compared to $ 4.433 billion , or 45.9 % of total revenue in 2018. the 170 basis point increase in sg & a expenses as a percentage of total revenue was principally attributable to ( i ) an increase in costs incurred in connection with the calvin klein restructuring , ( ii ) the costs incurred in connection with the socks and hosiery transaction , and ( iii ) the costs incurred in connection with the th u.s. store closures . also contributing to the increase was a change in the mix of business due to faster growth in our tommy hilfiger international and calvin klein international segments than in our north america segments , as our international segments generally carry higher sg & a expenses as percentages of total revenue . sg & a expenses in 2018 were $ 4.433 billion , or 45.9 % of total revenue , as compared to $ 4.245 billion , or 47.6 % of total revenue in 2017. the 170 basis point decrease in sg & a expenses as a percentage of total revenue was principally attributable to the absence in 2018 of costs that were recorded in 2017 in connection with ( i ) the mr. hilfiger amendment , ( ii ) the li & fung termination , and ( iii ) the relocation of our tommy hilfiger office in new york , including noncash depreciation expense . also contributing to the decrease was a leveraging of expenses in the tommy hilfiger business . these decreases were partially offset by ( i ) a change in the mix of business due to faster growth in our tommy hilfiger international and calvin klein international segments than in our north america segments , as our international segments generally carry higher sg & a expenses as percentages of total revenue , ( ii ) the costs incurred in connection with the calvin klein restructuring and ( iii ) an increase in corporate expenses due , in part , to investments in digital and information technology initiatives . in light of the negative impacts on our business resulting from the covid-19 outbreak , we are taking measures to significantly reduce sg & a expenses in 2020. as such , we currently expect our sg & a expenses in 2020 will be significantly lower as compared to 2019 , including as a result of the reductions resulting from these measures and the absence in 2020 of costs related to ( i ) the calvin klein restructuring , ( ii ) the socks and hosiery transaction and ( iii ) the th u.s. store closures . however , we expect our sg & a expenses as a percentage of total revenue in 2020 will increase as compared to 2019 primarily due to a deleveraging of expenses driven by the expected decline in revenue resulting from the covid-19 outbreak . there is significant uncertainty with respect to the impact of the covid-19 outbreak on our business and our sg & a

cash flow summary cash and cash equivalents at february 2 , 2020 was $ 503 million , an increase of $ 51 million from the amount at february 3 , 2019 of $ 452 million . the change in cash and cash equivalents included the impact of ( i ) $ 325 million of common stock repurchases under the stock repurchase program , ( ii ) $ 71 million of long-term debt repayments , ( iii ) a $ 59 million net payment made in connection with the australia acquisition , and ( iv ) a $ 74 million payment made in connection with the th csap acquisition . cash flow in 2020 will be impacted by various factors in addition to those noted below in this “ liquidity and capital resources ” section , including ( i ) mandatory long-term debt repayments of approximately $ 14 million , subject to exchange rate fluctuations , ( ii ) common stock repurchases under the stock repurchase program of $ 111 million , which reflects stock repurchases through march 2020 with no further repurchases planned for the remainder of 2020 , and ( iii ) the expected proceeds of $ 170 million , subject to a working capital adjustment , related to the speedo transaction , which is expected to close in the first quarter of 2020. in addition , in march 2020 we increased the aggregate borrowings outstanding under our senior unsecured revolving credit facilities , other short-term revolving credit facilities and unsecured commercial paper note program to approximately $ 930 million , in order to increase our cash position and preserve financial flexibility in responding to the impacts of the covid-19 outbreak on our business .


 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.
     ```cash flow summary cash and cash equivalents at february 2 , 2020 was $ 503 million , an increase of $ 51 million from the amount at february 3 , 2019 of $ 452 million . the change in cash and cash equivalents included the impact of ( i ) $ 325 million of common stock repurchases under the stock repurchase program , ( ii ) $ 71 million of long-term debt repayments , ( iii ) a $ 59 million net payment made in connection with the australia acquisition , and ( iv ) a $ 74 million payment made in connection with the th csap acquisition . cash flow in 2020 will be impacted by various factors in addition to those noted below in this “ liquidity and capital resources ” section , including ( i ) mandatory long-term debt repayments of approximately $ 14 million , subject to exchange rate fluctuations , ( ii ) common stock repurchases under the stock repurchase program of $ 111 million , which reflects stock repurchases through march 2020 with no further repurchases planned for the remainder of 2020 , and ( iii ) the expected proceeds of $ 170 million , subject to a working capital adjustment , related to the speedo transaction , which is expected to close in the first quarter of 2020. in addition , in march 2020 we increased the aggregate borrowings outstanding under our senior unsecured revolving credit facilities , other short-term revolving credit facilities and unsecured commercial paper note program to approximately $ 930 million , in order to increase our cash position and preserve financial flexibility in responding to the impacts of the covid-19 outbreak on our business .
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 Suspicious Activity Report : company-operated shop-in-shop/concession locations worldwide under our tommy hilfiger and calvin klein trademarks , and ( c ) digital commerce sites in over 30 countries under our tommy hilfiger and calvin klein trademarks and in the united states through our directly operated digital commerce sites for speedo , true & co . , van heusen , and izod , as well as our 32 stylebureau .com site . additionally , we generate royalty , advertising and other revenue from fees for licensing the use of our trademarks . we manage our operations through our operating divisions , which are presented as six reportable segments : ( i ) tommy hilfiger north america ; ( ii ) tommy hilfiger international ; ( iii ) calvin klein north america ; ( iv ) calvin klein international ; ( v ) heritage brands wholesale ; and ( vi ) heritage brands retail . we have entered into the following transactions that have impacted our results of operations and the comparability among the years , including our 2020 expectations as compared to 2019 , as discussed below : we entered into a definitive agreement on january 9 , 2020 to sell our speedo north america business to pentland for $ 170 million in cash , subject to a working capital adjustment , as described above . we recorded a pre-tax noncash loss of $ 142 million in the fourth quarter of 2019 related to the speedo transaction and expected deconsolidation of the net assets of the business , consisting of ( i ) a noncash impairment of our perpetual license right for the speedo trademark and ( ii ) a noncash loss to reduce the carrying value of the business to its estimated fair value , less costs to sell . we entered into agreements on july 3 , 2019 to terminate early the licenses for the global calvin klein and tommy hilfiger north america socks and hosiery businesses in order to consolidate the socks and hosiery businesses for all of our brands in the united states and canada in a newly formed joint venture , pvh legwear , in which we own a 49 % economic interest , and to bring in-house the international calvin klein socks and hosiery wholesale businesses . pvh legwear was formed with a wholly owned subsidiary of our former heritage brands socks and hosiery licensee , and licenses from us the rights to distribute and sell tommy hilfiger , calvin klein , izod , van heusen and warner 's socks and hosiery beginning in december 2019. we recorded a pre-tax charge of $ 60 million during 2019 in connection with these agreements . we completed the australia and th csap acquisitions in the second quarter of 2019. the australia acquisition closed on may 31 , 2019. prior to the closing , we , along with gazal , jointly owned and managed a joint venture , pvh australia , which licensed and operated businesses under the tommy hilfiger , calvin klein and van heusen brands , along with other owned and licensed brands . pvh australia came under our full control as a result of the australia acquisition and we now operate directly those businesses . the aggregate net purchase price for the shares acquired was $ 59 million , net of cash acquired and after taking into account the proceeds from the divestiture to a third party of an office building and warehouse owned by gazal in june 2019. we completed the th csap acquisition on july 1 , 2019 for $ 74 million , as a result of which we now operate directly the tommy hilfiger retail business in the central and southeast asia market . please see note 3 , “ acquisitions , ” in the notes to consolidated financial statements included in item 8 of this report for further discussion . in connection with the australia and th csap acquisitions , we recorded an aggregate net pre-tax gain of $ 83 million during 2019 , including ( i ) a noncash gain of $ 113 million to write up our existing equity investments in gazal and pvh australia to fair value , partially offset by ( ii ) $ 21 million of pre-tax costs , primarily consisting of noncash valuation adjustments and one-time expenses recorded on our equity investments in gazal and pvh australia prior to the australia acquisition closing , and ( iii ) a $ 9 million expense recorded in interest expense , net resulting from the remeasurement of our mandatorily redeemable non-controlling interest that was recognized in connection with the australia acquisition . we entered into a licensing agreement on may 30 , 2019 with g-iii for the design , production and wholesale distribution of calvin klein jeans women 's jeanswear collections in the united states and canada , which resulted in the discontinuation of our directly operated calvin klein north america women 's jeanswear wholesale business in 2019. we refinanced on april 29 , 2019 our senior credit facilities and recorded pre-tax debt modification and extinguishment charges of $ 5 million . please see the section entitled “ liquidity and capital resources ” below for further discussion . we closed our tommy hilfiger flagship and anchor stores in the united states ( the “ th u.s. store closures ” ) in the first quarter of 2019 and recorded pre-tax costs of $ 55 million , primarily consisting of noncash lease asset impairments . please see note 12 , “ fair value measurements , ” in the notes to consolidated financial statements included in item 8 of this report for further discussion of the noncash lease asset impairments . we announced on january 10 , 2019 a restructuring in connection with strategic changes for our calvin klein business ( the “ calvin klein restructuring ” ) . story_separator_special_tag the following table shows our revenue mix between net sales and royalty , advertising and other revenue , as well as our gross margin for 2019 , 2018 and 2017 : replace_table_token_3_th gross profit in 2019 was $ 5.388 billion , or 54.4 % of total revenue , as compared to $ 5.308 billion , or 55.0 % of total revenue , in 2018. the 60 basis point decrease in gross margin was principally driven by ( i ) a gross margin decline in our tommy hilfiger north america business due to more promotional selling as compared to the prior year , ( ii ) the impact of additional inventory reserves recorded in the fourth quarter of 2019 in anticipation of lower 2020 sales trends as a result of the onset of the covid-19 outbreak , ( iii ) short-lived noncash inventory valuation adjustments recorded in connection with the australia and th csap acquisitions , and ( iv ) the negative impact of tariffs imposed on goods imported from china into the united states . these decreases were partially offset by the favorable impact of faster growth in our tommy hilfiger 37 international and calvin klein international segments than in our north america segments , as our international segments generally carry higher gross margins , as well as gross margin improvements realized in our calvin klein north america business . gross profit in 2018 was $ 5.308 billion , or 55.0 % of total revenue , as compared to $ 4.894 billion , or 54.9 % of total revenue , in 2017. the 10 basis point increase in gross margin was principally driven by ( i ) a favorable mix of business due to faster growth in our tommy hilfiger international and calvin klein international segments than in our north america segments , as our international segments generally carry higher gross margins , and ( ii ) gross margin improvement in our tommy hilfiger business . partially offsetting these increases were gross margin declines in our calvin klein and heritage brands businesses principally due to more promotional selling . we currently expect that gross margin in 2020 will decrease as compared to 2019 primarily due to ( i ) the need for increased promotional selling and inventory liquidation as a result of the covid-19 outbreak and ( ii ) the unfavorable impact of the stronger united states dollar on our international businesses that purchase inventory in united states dollars , particularly our european businesses , as the increased local currency value of inventory results in higher cost of goods in local currency when the goods are sold . there is significant uncertainty with respect to the impact of the covid-19 outbreak on our business and the businesses of our licensees and other business partners . sg & a expenses our sg & a expenses were as follows : replace_table_token_4_th sg & a expenses in 2019 were $ 4.715 billion , or 47.6 % of total revenue , as compared to $ 4.433 billion , or 45.9 % of total revenue in 2018. the 170 basis point increase in sg & a expenses as a percentage of total revenue was principally attributable to ( i ) an increase in costs incurred in connection with the calvin klein restructuring , ( ii ) the costs incurred in connection with the socks and hosiery transaction , and ( iii ) the costs incurred in connection with the th u.s. store closures . also contributing to the increase was a change in the mix of business due to faster growth in our tommy hilfiger international and calvin klein international segments than in our north america segments , as our international segments generally carry higher sg & a expenses as percentages of total revenue . sg & a expenses in 2018 were $ 4.433 billion , or 45.9 % of total revenue , as compared to $ 4.245 billion , or 47.6 % of total revenue in 2017. the 170 basis point decrease in sg & a expenses as a percentage of total revenue was principally attributable to the absence in 2018 of costs that were recorded in 2017 in connection with ( i ) the mr. hilfiger amendment , ( ii ) the li & fung termination , and ( iii ) the relocation of our tommy hilfiger office in new york , including noncash depreciation expense . also contributing to the decrease was a leveraging of expenses in the tommy hilfiger business . these decreases were partially offset by ( i ) a change in the mix of business due to faster growth in our tommy hilfiger international and calvin klein international segments than in our north america segments , as our international segments generally carry higher sg & a expenses as percentages of total revenue , ( ii ) the costs incurred in connection with the calvin klein restructuring and ( iii ) an increase in corporate expenses due , in part , to investments in digital and information technology initiatives . in light of the negative impacts on our business resulting from the covid-19 outbreak , we are taking measures to significantly reduce sg & a expenses in 2020. as such , we currently expect our sg & a expenses in 2020 will be significantly lower as compared to 2019 , including as a result of the reductions resulting from these measures and the absence in 2020 of costs related to ( i ) the calvin klein restructuring , ( ii ) the socks and hosiery transaction and ( iii ) the th u.s. store closures . however , we expect our sg & a expenses as a percentage of total revenue in 2020 will increase as compared to 2019 primarily due to a deleveraging of expenses driven by the expected decline in revenue resulting from the covid-19 outbreak . there is significant uncertainty with respect to the impact of the covid-19 outbreak on our business and our sg & a

