we also opened 30 athleta stores , ending fiscal 2013 with 65 athleta stores . our franchisees added 72 new stores and five new markets . fiscal 2013 consisted of 52 weeks versus 53 weeks in fiscal 2012. net sales and operating results for fiscal 2013 reflect the impact of one less selling week as well as the calendar shift , which positively impacted the results of the first quarter of fiscal 2013 and negatively impacted the results of the fourth quarter of 2013. in addition , due to the 53rd week in fiscal 2012 , comparable ( `` comp `` ) sales for the fiscal year ended february 1 , 2014 are compared to the 52-week period ended february 2 , 2013. financial results for fiscal 2013 are as follows : net sales for fiscal 2013 increased 3 percent to $ 16.1 billion compared with $ 15.7 billion for fiscal 2012 . excluding the impact of foreign exchange , our net sales increased 5 percent for fiscal 2013 compared with fiscal 2012. see net sales discussion for impact of foreign exchange . 17 online sales for fiscal 2013 increased 21 percent to $ 2.3 billion compared with $ 1.9 billion for fiscal 2012 and grew 2 percentage points , as a percentage of total net sales , to 14 percent compared with 12 percent for fiscal 2012. comparable sales for fiscal 2013 increased 2 percent compared with a 5 percent increase last year . gross profit for fiscal 2013 was $ 6.3 billion compared with $ 6.2 billion for fiscal 2012 . gross margin for fiscal 2013 was 39.0 percent compared with 39.4 percent for fiscal 2012 . operating margin for fiscal 2013 was 13.3 percent compared with 12.4 percent for fiscal 2012 . operating margin is defined as operating income as a percentage of net sales . net income for fiscal 2013 was $ 1.3 billion compared with $ 1.1 billion for fiscal 2012 . diluted earnings per share increased 18 percent to $ 2.74 for fiscal 2013 compared with $ 2.33 for fiscal 2012 . during fiscal 2013 , we generated free cash flow of $ 1.0 billion compared with free cash flow of $ 1.3 billion for fiscal 2012. free cash flow is defined as net cash provided by operating activities less purchases of property and equipment . for a reconciliation of free cash flow , a non-gaap financial measure , from a gaap financial measure , see liquidity and capital resources section . our business and financial priorities for fiscal 2014 are as follows : grow sales ; manage our expenses in a disciplined manner ; deliver earnings per share growth ; and return excess cash to shareholders . in addition to increasing sales within our existing business , we also plan to grow revenues through our newer brands , channels , and geographies , including the following : growing global online sales , driven by continued investments in our omni-channel capabilities ; opening additional stores in asia with a focus on gap china , old navy china , and old navy japan ; expanding our global outlet presence ; opening additional athleta stores ; and continuing to expand our franchise presence worldwide . in fiscal 2014 , we expect foreign exchange rate fluctuations to have a meaningful negative impact on the results of our largest foreign subsidiaries in canada and japan . with the continuing depreciation of the canadian dollar and japanese yen , we expect net sales in canadian dollars and japanese yen translated into u.s. dollars will decrease and negatively impact our total company net sales growth . in addition , we expect gross margins for our largest foreign subsidiaries to be negatively impacted as our merchandise purchases are primarily in u.s. dollars . in fiscal 2014 , we expect diluted earnings per share to be in the range of $ 2.90 to $ 2.95. results of operations net sales net sales primarily consist of retail sales from stores and online , and franchise revenues . see item 8 , financial statements and supplementary data , note 17 of notes to consolidated financial statements for net sales by brand and region . 18 comparable sales beginning in fiscal 2013 , the company reports comp sales by global brand : gap global , old navy global , and banana republic global . fiscal 2012 comp sales have been conformed to the current year presentation . the percentage change in comp sales by global brand and for total company , including the associated comparable online sales , as compared with the preceding year , is as follows : replace_table_token_5_th comparable online sales favorably impacted total company comp sales by 3 percent and 2 percent in fiscal 2013 and 2012 , respectively . only company-operated stores are included in the calculations of comp sales . gap and banana republic outlet comp sales are reflected within the respective results of each global brand . the calculation of total company comp sales includes the results of athleta stores and online , intermix stores and online , and the piperlime store , but excludes the results of our franchise business and piperlime online . a store is included in the comp sales calculations when it has been open and operated by gap , inc. for at least one year and the selling square footage has not changed by 15 percent or more within the past year . a store is included in the comp sales calculations on the first day it has comparable prior year sales . stores in which the selling square footage has changed by 15 percent or more as a result of a remodel , expansion , or reduction are excluded from the comp sales calculations until the first day they have comparable prior year sales . story_separator_special_tag management has discussed the development and selection of these critical accounting policies and estimates with the audit and finance committee of our board of directors , which has reviewed our disclosure relating to critical accounting policies and estimates in this annual report on form 10-k. merchandise inventory we value inventory at the lower of cost or market ( “ lcm ” ) , with cost determined using the weighted-average cost method . we review our inventory levels in order to identify slow-moving merchandise and broken assortments ( items no longer in stock in a sufficient range of sizes or colors ) and we primarily use promotions and markdowns to clear merchandise . we record an adjustment to inventory when future estimated selling price is less than cost . our lcm adjustment calculation requires management to make assumptions to estimate the selling price and amount of slow-moving merchandise and broken assortments subject to markdowns , which is dependent upon factors such as historical trends with similar merchandise , inventory aging , forecasted consumer demand , and the promotional environment . in addition , we estimate and accrue shortage for the period between the last physical count and the balance sheet date . our shortage estimate can be affected by changes in merchandise mix and changes in actual shortage trends . historically , actual shortage has not differed materially from our estimates . we do not believe there is a reasonable likelihood that there will be a material change in the future estimates or assumptions we use to calculate our lcm or inventory shortage adjustments . however , if estimates regarding consumer demand are inaccurate or actual physical inventory shortage differs significantly from our estimate , our operating results could be affected . we have not made any material changes in the accounting methodology used to calculate our lcm or inventory shortage adjustments in the past three fiscal years . impairment of long-lived assets , goodwill , and intangible assets we review the carrying amount of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable . events that result in an impairment review include the decision to close a store , corporate facility , or distribution center , or a significant decrease in the operating performance of the long-lived asset . long-lived assets are considered impaired if the estimated undiscounted future cash flows of the asset or asset group are less than the carrying amount . for impaired assets , we recognize a loss equal to the difference between the carrying amount of the asset or asset group and its estimated fair value . the estimated fair value of the asset or asset group is based on estimated discounted future cash flows of the asset or asset group using a discount rate commensurate with the risk . the asset group is defined as the lowest level for which identifiable cash flows are available and largely independent of the cash flows of other groups of assets . the asset group for our retail stores is reviewed for impairment primarily at the store level . our estimate of future cash flows requires management to make assumptions and to apply judgment , including forecasting future sales and expenses and estimating useful lives of the assets . these estimates can be affected by factors such as future store results , real estate demand , and economic conditions that can be difficult to predict . we have not made any material changes in the methodology to assess and calculate impairment of long-lived assets in the past three fiscal years . we recorded a charge for the impairment of long-lived assets of $ 1 million , $ 8 million , and $ 16 million for fiscal 2013 , 2012 , and 2011 , respectively . we also review the carrying amount of goodwill and other indefinite-lived intangible assets for impairment annually and whenever events or changes in circumstances indicate that it is more likely than not that the carrying amount may not be recoverable . events that result in an impairment review include significant changes in the business climate , declines in our operating results , or an expectation that the carrying amount may not be recoverable . 28 in connection with the acquisitions of athleta in september 2008 and intermix in december 2012 , we allocated $ 99 million and $ 81 million of the respective purchase prices to goodwill . the carrying amount of goodwill was $ 180 million as of february 1 , 2014 . we review goodwill for impairment , as appropriate , by first assessing qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount , including goodwill , as a basis for determining whether it is necessary to perform the two-step goodwill impairment test . if it is determined that it is more likely than not that the fair value of the reporting unit is less than its carrying amount , the two-step test is performed to identify potential goodwill impairment . if it is determined that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount , it is unnecessary to perform the two-step goodwill impairment test . based on certain circumstances , we may elect to bypass the qualitative assessment and proceed directly to performing the first step of the two-step goodwill impairment test . the first step of the two-step goodwill impairment test compares the fair value of the reporting unit to its carrying amount , including goodwill . the second step includes hypothetically valuing all the tangible and intangible assets of the reporting unit as if the reporting unit had been acquired in a business combination . then , the implied fair value of the reporting unit 's goodwill is compared to the carrying amount of

cash flows from financing activities our cash outflows from financing activities consist primarily of repurchases of our common stock , repayments of debt , and dividend payments . cash inflows primarily consist of proceeds from the issuance of debt and proceeds from issuances under share-based compensation plans , net of withholding tax payments . net cash used for financing activities during fiscal 2013 decreased $ 477 million compared with fiscal 2012 , primarily due to the following : $ 419 million of payments of debt in fiscal 2012 ; $ 144 million of proceeds from issuance of long-term debt in fiscal 2013 ; and $ 51 million less repurchases of common stock in fiscal 2013 compared with fiscal 2012 , partially offset by $ 81 million more dividends paid in fiscal 2013 compared with fiscal 2012 ; and 24 $ 77 million less proceeds from issuances under share-based compensation plans , net of withholding taxes , in fiscal 2013 compared with fiscal 2012. net cash used for financing activities during fiscal 2012 increased $ 879 million compared with fiscal 2011 , primarily due to the following : $ 1.6 billion of proceeds from our issuance of long-term debt in fiscal 2011 ; and $ 400 million of payments of long-term debt in fiscal 2012 ; partially offset by $ 1.1 billion less repurchases of common stock in fiscal 2012 compared with fiscal 2011. free cash flow free cash flow is a non-gaap financial measure . we believe free cash flow is an important metric because it represents a measure of how much cash a company has available for discretionary and non-discretionary items after the deduction of capital expenditures , as we require regular capital expenditures to build and maintain stores and purchase new equipment to improve our business . we use this metric internally , as we believe our sustained ability to generate free cash flow is an important driver of value creation . however , this non-gaap financial measure is not intended to supersede or replace our gaap result . the following table reconciles free cash flow , a non-gaap financial measure , from a gaap financial measure .


 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 flows from financing activities our cash outflows from financing activities consist primarily of repurchases of our common stock , repayments of debt , and dividend payments . cash inflows primarily consist of proceeds from the issuance of debt and proceeds from issuances under share-based compensation plans , net of withholding tax payments . net cash used for financing activities during fiscal 2013 decreased $ 477 million compared with fiscal 2012 , primarily due to the following : $ 419 million of payments of debt in fiscal 2012 ; $ 144 million of proceeds from issuance of long-term debt in fiscal 2013 ; and $ 51 million less repurchases of common stock in fiscal 2013 compared with fiscal 2012 , partially offset by $ 81 million more dividends paid in fiscal 2013 compared with fiscal 2012 ; and 24 $ 77 million less proceeds from issuances under share-based compensation plans , net of withholding taxes , in fiscal 2013 compared with fiscal 2012. net cash used for financing activities during fiscal 2012 increased $ 879 million compared with fiscal 2011 , primarily due to the following : $ 1.6 billion of proceeds from our issuance of long-term debt in fiscal 2011 ; and $ 400 million of payments of long-term debt in fiscal 2012 ; partially offset by $ 1.1 billion less repurchases of common stock in fiscal 2012 compared with fiscal 2011. free cash flow free cash flow is a non-gaap financial measure . we believe free cash flow is an important metric because it represents a measure of how much cash a company has available for discretionary and non-discretionary items after the deduction of capital expenditures , as we require regular capital expenditures to build and maintain stores and purchase new equipment to improve our business . we use this metric internally , as we believe our sustained ability to generate free cash flow is an important driver of value creation . however , this non-gaap financial measure is not intended to supersede or replace our gaap result . the following table reconciles free cash flow , a non-gaap financial measure , from a gaap financial measure .
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 Suspicious Activity Report : we also opened 30 athleta stores , ending fiscal 2013 with 65 athleta stores . our franchisees added 72 new stores and five new markets . fiscal 2013 consisted of 52 weeks versus 53 weeks in fiscal 2012. net sales and operating results for fiscal 2013 reflect the impact of one less selling week as well as the calendar shift , which positively impacted the results of the first quarter of fiscal 2013 and negatively impacted the results of the fourth quarter of 2013. in addition , due to the 53rd week in fiscal 2012 , comparable ( `` comp `` ) sales for the fiscal year ended february 1 , 2014 are compared to the 52-week period ended february 2 , 2013. financial results for fiscal 2013 are as follows : net sales for fiscal 2013 increased 3 percent to $ 16.1 billion compared with $ 15.7 billion for fiscal 2012 . excluding the impact of foreign exchange , our net sales increased 5 percent for fiscal 2013 compared with fiscal 2012. see net sales discussion for impact of foreign exchange . 17 online sales for fiscal 2013 increased 21 percent to $ 2.3 billion compared with $ 1.9 billion for fiscal 2012 and grew 2 percentage points , as a percentage of total net sales , to 14 percent compared with 12 percent for fiscal 2012. comparable sales for fiscal 2013 increased 2 percent compared with a 5 percent increase last year . gross profit for fiscal 2013 was $ 6.3 billion compared with $ 6.2 billion for fiscal 2012 . gross margin for fiscal 2013 was 39.0 percent compared with 39.4 percent for fiscal 2012 . operating margin for fiscal 2013 was 13.3 percent compared with 12.4 percent for fiscal 2012 . operating margin is defined as operating income as a percentage of net sales . net income for fiscal 2013 was $ 1.3 billion compared with $ 1.1 billion for fiscal 2012 . diluted earnings per share increased 18 percent to $ 2.74 for fiscal 2013 compared with $ 2.33 for fiscal 2012 . during fiscal 2013 , we generated free cash flow of $ 1.0 billion compared with free cash flow of $ 1.3 billion for fiscal 2012. free cash flow is defined as net cash provided by operating activities less purchases of property and equipment . for a reconciliation of free cash flow , a non-gaap financial measure , from a gaap financial measure , see liquidity and capital resources section . our business and financial priorities for fiscal 2014 are as follows : grow sales ; manage our expenses in a disciplined manner ; deliver earnings per share growth ; and return excess cash to shareholders . in addition to increasing sales within our existing business , we also plan to grow revenues through our newer brands , channels , and geographies , including the following : growing global online sales , driven by continued investments in our omni-channel capabilities ; opening additional stores in asia with a focus on gap china , old navy china , and old navy japan ; expanding our global outlet presence ; opening additional athleta stores ; and continuing to expand our franchise presence worldwide . in fiscal 2014 , we expect foreign exchange rate fluctuations to have a meaningful negative impact on the results of our largest foreign subsidiaries in canada and japan . with the continuing depreciation of the canadian dollar and japanese yen , we expect net sales in canadian dollars and japanese yen translated into u.s. dollars will decrease and negatively impact our total company net sales growth . in addition , we expect gross margins for our largest foreign subsidiaries to be negatively impacted as our merchandise purchases are primarily in u.s. dollars . in fiscal 2014 , we expect diluted earnings per share to be in the range of $ 2.90 to $ 2.95. results of operations net sales net sales primarily consist of retail sales from stores and online , and franchise revenues . see item 8 , financial statements and supplementary data , note 17 of notes to consolidated financial statements for net sales by brand and region . 18 comparable sales beginning in fiscal 2013 , the company reports comp sales by global brand : gap global , old navy global , and banana republic global . fiscal 2012 comp sales have been conformed to the current year presentation . the percentage change in comp sales by global brand and for total company , including the associated comparable online sales , as compared with the preceding year , is as follows : replace_table_token_5_th comparable online sales favorably impacted total company comp sales by 3 percent and 2 percent in fiscal 2013 and 2012 , respectively . only company-operated stores are included in the calculations of comp sales . gap and banana republic outlet comp sales are reflected within the respective results of each global brand . the calculation of total company comp sales includes the results of athleta stores and online , intermix stores and online , and the piperlime store , but excludes the results of our franchise business and piperlime online . a store is included in the comp sales calculations when it has been open and operated by gap , inc. for at least one year and the selling square footage has not changed by 15 percent or more within the past year . a store is included in the comp sales calculations on the first day it has comparable prior year sales . stores in which the selling square footage has changed by 15 percent or more as a result of a remodel , expansion , or reduction are excluded from the comp sales calculations until the first day they have comparable prior year sales . story_separator_special_tag management has discussed the development and selection of these critical accounting policies and estimates with the audit and finance committee of our board of directors , which has reviewed our disclosure relating to critical accounting policies and estimates in this annual report on form 10-k. merchandise inventory we value inventory at the lower of cost or market ( “ lcm ” ) , with cost determined using the weighted-average cost method . we review our inventory levels in order to identify slow-moving merchandise and broken assortments ( items no longer in stock in a sufficient range of sizes or colors ) and we primarily use promotions and markdowns to clear merchandise . we record an adjustment to inventory when future estimated selling price is less than cost . our lcm adjustment calculation requires management to make assumptions to estimate the selling price and amount of slow-moving merchandise and broken assortments subject to markdowns , which is dependent upon factors such as historical trends with similar merchandise , inventory aging , forecasted consumer demand , and the promotional environment . in addition , we estimate and accrue shortage for the period between the last physical count and the balance sheet date . our shortage estimate can be affected by changes in merchandise mix and changes in actual shortage trends . historically , actual shortage has not differed materially from our estimates . we do not believe there is a reasonable likelihood that there will be a material change in the future estimates or assumptions we use to calculate our lcm or inventory shortage adjustments . however , if estimates regarding consumer demand are inaccurate or actual physical inventory shortage differs significantly from our estimate , our operating results could be affected . we have not made any material changes in the accounting methodology used to calculate our lcm or inventory shortage adjustments in the past three fiscal years . impairment of long-lived assets , goodwill , and intangible assets we review the carrying amount of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable . events that result in an impairment review include the decision to close a store , corporate facility , or distribution center , or a significant decrease in the operating performance of the long-lived asset . long-lived assets are considered impaired if the estimated undiscounted future cash flows of the asset or asset group are less than the carrying amount . for impaired assets , we recognize a loss equal to the difference between the carrying amount of the asset or asset group and its estimated fair value . the estimated fair value of the asset or asset group is based on estimated discounted future cash flows of the asset or asset group using a discount rate commensurate with the risk . the asset group is defined as the lowest level for which identifiable cash flows are available and largely independent of the cash flows of other groups of assets . the asset group for our retail stores is reviewed for impairment primarily at the store level . our estimate of future cash flows requires management to make assumptions and to apply judgment , including forecasting future sales and expenses and estimating useful lives of the assets . these estimates can be affected by factors such as future store results , real estate demand , and economic conditions that can be difficult to predict . we have not made any material changes in the methodology to assess and calculate impairment of long-lived assets in the past three fiscal years . we recorded a charge for the impairment of long-lived assets of $ 1 million , $ 8 million , and $ 16 million for fiscal 2013 , 2012 , and 2011 , respectively . we also review the carrying amount of goodwill and other indefinite-lived intangible assets for impairment annually and whenever events or changes in circumstances indicate that it is more likely than not that the carrying amount may not be recoverable . events that result in an impairment review include significant changes in the business climate , declines in our operating results , or an expectation that the carrying amount may not be recoverable . 28 in connection with the acquisitions of athleta in september 2008 and intermix in december 2012 , we allocated $ 99 million and $ 81 million of the respective purchase prices to goodwill . the carrying amount of goodwill was $ 180 million as of february 1 , 2014 . we review goodwill for impairment , as appropriate , by first assessing qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount , including goodwill , as a basis for determining whether it is necessary to perform the two-step goodwill impairment test . if it is determined that it is more likely than not that the fair value of the reporting unit is less than its carrying amount , the two-step test is performed to identify potential goodwill impairment . if it is determined that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount , it is unnecessary to perform the two-step goodwill impairment test . based on certain circumstances , we may elect to bypass the qualitative assessment and proceed directly to performing the first step of the two-step goodwill impairment test . the first step of the two-step goodwill impairment test compares the fair value of the reporting unit to its carrying amount , including goodwill . the second step includes hypothetically valuing all the tangible and intangible assets of the reporting unit as if the reporting unit had been acquired in a business combination . then , the implied fair value of the reporting unit 's goodwill is compared to the carrying amount of

