additionally , intense competition at the system level can result in an environment in which pricing falls rapidly , thereby further increasing demand for solar energy solutions but constraining the ability for project developers , epc companies , and vertically-integrated solar companies such as first solar to sustain meaningful and consistent profitability . in light of such market realities , we are executing our long term strategic plan , vision 2020 described below , under which we are focusing on our competitive strengths . such strengths include our advanced module and system technologies as well as our differentiated , vertically-integrated business model that enables us to provide utility-scale pv solar energy solutions to key geographic markets with immediate electricity needs . worldwide solar markets continue to develop , in part aided by demand elasticity resulting from declining industry average selling prices , both at the module and system level , which make solar power more affordable to new markets , and we have continued to develop our localized presence and expertise in such markets . we are developing , constructing , or operating multiple solar projects around the world , many of which are the largest or among the largest in their regions . in north america , we continue to execute on our advanced-stage utility-scale project pipeline , which includes the construction of some of the world 's largest pv solar power systems . we expect a substantial portion of our consolidated net sales , operating income , and cash flows through the end of 2016 to be derived from these projects . we continue to advance the development and selling efforts for the other projects included in our advanced-stage utility-scale project pipeline and also continue to develop our early-to-mid stage project pipeline and evaluate acquisitions of projects to continue to add to our advanced-stage utility-scale project pipeline . lower industry module and system pricing , while currently challenging for certain solar manufacturers ( particularly manufacturers with high cost structures ) , is expected to continue to contribute to global market diversification and volume elasticity . over time , declining average selling prices are consistent with the erosion of one of the primary historical constraints to widespread solar market penetration , its affordability . in the near term , however , declining average selling prices could adversely affect our results of operations . if competitors reduce pricing to levels below their costs , bid aggressively low prices for ppas and epc agreements , or are able to operate at negative or minimal operating margins for sustained periods of time , our results of operations could be further adversely affected . we continue to mitigate this uncertainty in part by executing on and building our advanced-stage utility-scale systems pipeline , executing on our module efficiency improvement and bos cost reduction roadmaps , and continuing the development of key geographic markets . we continue to face intense competition from manufacturers of crystalline silicon solar modules and other types of solar modules and pv solar power systems . solar module manufacturers compete with one another in several product performance attributes , including conversion efficiency , energy density , reliability , and selling price per watt , and , with respect to pv solar power systems , net present value , return on equity , and lcoe , meaning the net present value of total life cycle costs of the pv solar power system divided by the quantity of energy which is expected to be produced over the system 's life . we believe we are among the lowest cost pv module manufacturers in the solar industry on a module cost per watt basis , based on publicly available information . this cost competitiveness is reflected in the price at which we sell our modules and fully integrated pv solar power systems and enables our systems to compete favorably . our cost competitiveness is based in large part on our module conversion efficiency , proprietary manufacturing technology ( which enables us to produce a cdte module in less than 2.5 hours using a continuous and highly automated industrial manufacturing process , as opposed to a batch process ) , our scale , and our operational excellence . in addition , our cdte modules use approximately 1-2 % of the amount of the semiconductor material that is used to manufacture traditional crystalline silicon solar modules . the cost of polysilicon is a significant driver of the manufacturing cost of crystalline silicon solar modules , and the timing and rate of change in the cost of silicon feedstock and polysilicon could lead to changes in solar module pricing levels . polysilicon costs have had periods of decline over the past several years , contributing to a decline in our relative manufacturing cost competitiveness over traditional crystalline silicon module manufacturers . given the smaller size ( sometimes referred to as form factor ) of our cdte modules compared to certain types of crystalline silicon modules , we may incur higher labor and bos costs associated with systems using our modules . thus , to compete effectively on an lcoe basis , our modules may need to maintain a certain cost advantage per watt compared to crystalline silicon-based modules with larger form factors . bos costs represent a significant portion of the costs associated with the construction of a typical utility-scale pv solar power system . 47 in terms of energy density , in many climates , our cdte modules provide a significant energy yield advantage over conventional crystalline silicon solar modules of equivalent efficiency rating . for example , in humid climates , our cdte modules provide a superior spectral response , and in hot climates , our cdte modules provide a superior temperature coefficient . as a result , at temperatures above 25°c ( standard test conditions ) , our cdte modules produce more energy than competing conventional crystalline silicon solar modules with an equivalent efficiency rating . story_separator_special_tag replace_table_token_4_th 51 projects with executed ppa not sold/not contracted replace_table_token_5_th ( 1 ) the volume of modules installed in mw dc will be higher than the mw ac size pursuant to a dc-ac ratio typically ranging from 1.2 to 1.3 ; such ratio varies across different projects due to various system design factors ( 2 ) controlling interest in the project sold to southern company in august 2015 ( 3 ) contracted but not specified ( 4 ) ppa contracted partners include cobb electric membership corporation , flint electric membership corporation , and sawnee electric membership corporation ( 5 ) nepco is defined as national electric power company , the country of jordan 's regulatory authority for power generation and distribution and a consortium of investors ( 6 ) uog is defined as utility owned generation ( 7 ) project sold under a development agreement in february 2016 ( 8 ) pg & e 150 mw ac and apple inc. 130 mw ac ( 9 ) tsspdcl is defined as southern power distribution company of telangana state ltd and consists of 110 mw ac of projects ; and apspdcl is defined as andhra pradesh southern power distribution company ltd and consists of 80 mw ac of projects ( 10 ) no ppa – electricity to be sold on an open contract basis ( 11 ) scppa is defined as southern california public power authority ; scppa 20 mw ac and city of pasadena 20 mw ac ( 12 ) electricity expected to be sold under feed-in-tariff structure for ten years , pending acquisition of certain licenses ( 13 ) pg & e 11 mw ac and sce 20 mw ac 52 results of operations during 2015 , we revised our previously issued financial statements from 2011 to 2014 to properly record a liability associated with an uncertain tax position related to income of a foreign subsidiary . additional revisions were made for previously identified errors that were corrected in a period subsequent to the period in which the error originated . all financial information presented herein was revised to reflect the correction of these errors . see note 1 “ first solar and its business – revision of previously issued financial statements ” to our consolidated financial statements for the year ended december 31 , 2015 included in this annual report on form 10-k for additional information . the following table sets forth our consolidated statements of operations as a percentage of net sales for the years ended december 31 , 2015 , 2014 , and 2013 : replace_table_token_6_th segment overview we operate our business in two segments . our components segment involves the design , manufacture , and sale of solar modules which convert sunlight into electricity , and our systems segment includes the development , construction , operation , and maintenance of pv solar power systems , which primarily use our solar modules . see note 23 “ segment and geographical information ” to our consolidated financial statements for the year ended december 31 , 2015 included in this annual report on form 10-k. see also item 7 : “ management 's discussion and analysis of financial condition and results of operations – systems project pipeline ” for a description of the system projects in our advanced-stage project pipeline . product revenue the following table sets forth the total amounts of solar module and solar power system net sales for the years ended december 31 , 2015 , 2014 , and 2013 . for the purpose of the following table , ( i ) solar module revenue is composed of total net sales from the sale of solar modules to third parties , and ( ii ) solar power system revenue is composed of total net sales from the sale of pv solar power systems and related services and solutions including the solar modules installed in the systems we develop and construct along with revenue generated from such systems ( in thousands ) : replace_table_token_7_th 53 solar module revenue to third parties decreased by $ 0.9 million during 2015 compared to 2014 primarily due to a 10 % decrease in the average selling price per watt , partially offset by an 11 % increase in the volume of watts sold . solar power system revenue increased by $ 188.7 million during 2015 compared to 2014 primarily due to higher revenue from module plus transactions . our net sales for 2015 also included the sale of majority interests in the partially constructed desert stateline project and north star project and higher revenue from our silver state south , mccoy , and imperial energy center west projects , which commenced construction in late 2014. these 2015 net sales were offset by lower revenue from the completion , or substantial completion , of our desert sunlight , solar gen 2 , topaz , and campo verde projects in 2014. solar module revenue to third parties decreased by $ 152.6 million during 2014 compared to 2013 primarily as a result of a 26 % decrease in the volume of watts sold and a 19 % decrease in the average selling price per watt . solar power system revenue increased by $ 234.1 million during 2014 compared to 2013 primarily as a result of the number and size of projects under construction between these periods as well as the timing of when all the revenue recognition criteria was met . specifically , the increase was attributable to higher revenue from the partial sale of our solar gen 2 project , the sale of our campo verde and macho springs projects , and the commencement of construction and related revenue recognition on multiple projects in california and our agl nyngan project in australia . these increases were partially offset by decreases in systems business project revenue from our desert sunlight project as it neared substantial completion , our completed first phase of the imperial solar energy center south project and our completed amherstburg ,

cash flows the following table summarizes our cash flow activity for the years ended december 31 , 2015 , 2014 , and 2013 ( in thousands ) : replace_table_token_22_th operating activities the decrease in cash provided by operating activities during 2015 was primarily driven by the increase in project assets and deferred project costs resulting from our financing the construction of certain projects with our working capital and increases in our trade accounts receivable . the decrease in cash provided by operating activities during 2014 was primarily attributable to the timing of cash received from customers for the sale of certain systems projects . investing activities the decrease in cash used in investing activities during 2015 was driven by the receipt of $ 239.0 million from the initial public offering of 8point3 energy partners lp , changes in our restricted cash balance , and lower purchases of property , plant and equipment . the effects of these items were partially offset by net purchases of marketable securities of $ 203.1 million during 2015 compared to $ 77.5 million during 2014. the decrease in cash used in investing activities during 2014 was primarily due to changes in our restricted cash balance , lower proceeds from sales of property , plant and equipment , and certain investments in affiliate notes receivable . the effects of these items were partially offset by net purchases of marketable securities of $ 77.5 million during 2014 compared to $ 341.0 million during 2013 . 63 financing activities cash provided by financing activities during 2015 resulted primarily from $ 146.0 million of proceeds from borrowings under our project construction credit facilities in chile , japan , and india and $ 44.7 million of proceeds from the leaseback financing associated with the maryland solar project , partially offset by $ 47.1 million of payments on long-term debt . cash provided by financing activities during 2014 resulted primarily from $ 65.6 million of proceeds from borrowings under our project construction credit facilities in chile , partially offset by $ 60.1 million of payments on long-term debt .


 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 the following table summarizes our cash flow activity for the years ended december 31 , 2015 , 2014 , and 2013 ( in thousands ) : replace_table_token_22_th operating activities the decrease in cash provided by operating activities during 2015 was primarily driven by the increase in project assets and deferred project costs resulting from our financing the construction of certain projects with our working capital and increases in our trade accounts receivable . the decrease in cash provided by operating activities during 2014 was primarily attributable to the timing of cash received from customers for the sale of certain systems projects . investing activities the decrease in cash used in investing activities during 2015 was driven by the receipt of $ 239.0 million from the initial public offering of 8point3 energy partners lp , changes in our restricted cash balance , and lower purchases of property , plant and equipment . the effects of these items were partially offset by net purchases of marketable securities of $ 203.1 million during 2015 compared to $ 77.5 million during 2014. the decrease in cash used in investing activities during 2014 was primarily due to changes in our restricted cash balance , lower proceeds from sales of property , plant and equipment , and certain investments in affiliate notes receivable . the effects of these items were partially offset by net purchases of marketable securities of $ 77.5 million during 2014 compared to $ 341.0 million during 2013 . 63 financing activities cash provided by financing activities during 2015 resulted primarily from $ 146.0 million of proceeds from borrowings under our project construction credit facilities in chile , japan , and india and $ 44.7 million of proceeds from the leaseback financing associated with the maryland solar project , partially offset by $ 47.1 million of payments on long-term debt . cash provided by financing activities during 2014 resulted primarily from $ 65.6 million of proceeds from borrowings under our project construction credit facilities in chile , partially offset by $ 60.1 million of payments on long-term debt .
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 Suspicious Activity Report : additionally , intense competition at the system level can result in an environment in which pricing falls rapidly , thereby further increasing demand for solar energy solutions but constraining the ability for project developers , epc companies , and vertically-integrated solar companies such as first solar to sustain meaningful and consistent profitability . in light of such market realities , we are executing our long term strategic plan , vision 2020 described below , under which we are focusing on our competitive strengths . such strengths include our advanced module and system technologies as well as our differentiated , vertically-integrated business model that enables us to provide utility-scale pv solar energy solutions to key geographic markets with immediate electricity needs . worldwide solar markets continue to develop , in part aided by demand elasticity resulting from declining industry average selling prices , both at the module and system level , which make solar power more affordable to new markets , and we have continued to develop our localized presence and expertise in such markets . we are developing , constructing , or operating multiple solar projects around the world , many of which are the largest or among the largest in their regions . in north america , we continue to execute on our advanced-stage utility-scale project pipeline , which includes the construction of some of the world 's largest pv solar power systems . we expect a substantial portion of our consolidated net sales , operating income , and cash flows through the end of 2016 to be derived from these projects . we continue to advance the development and selling efforts for the other projects included in our advanced-stage utility-scale project pipeline and also continue to develop our early-to-mid stage project pipeline and evaluate acquisitions of projects to continue to add to our advanced-stage utility-scale project pipeline . lower industry module and system pricing , while currently challenging for certain solar manufacturers ( particularly manufacturers with high cost structures ) , is expected to continue to contribute to global market diversification and volume elasticity . over time , declining average selling prices are consistent with the erosion of one of the primary historical constraints to widespread solar market penetration , its affordability . in the near term , however , declining average selling prices could adversely affect our results of operations . if competitors reduce pricing to levels below their costs , bid aggressively low prices for ppas and epc agreements , or are able to operate at negative or minimal operating margins for sustained periods of time , our results of operations could be further adversely affected . we continue to mitigate this uncertainty in part by executing on and building our advanced-stage utility-scale systems pipeline , executing on our module efficiency improvement and bos cost reduction roadmaps , and continuing the development of key geographic markets . we continue to face intense competition from manufacturers of crystalline silicon solar modules and other types of solar modules and pv solar power systems . solar module manufacturers compete with one another in several product performance attributes , including conversion efficiency , energy density , reliability , and selling price per watt , and , with respect to pv solar power systems , net present value , return on equity , and lcoe , meaning the net present value of total life cycle costs of the pv solar power system divided by the quantity of energy which is expected to be produced over the system 's life . we believe we are among the lowest cost pv module manufacturers in the solar industry on a module cost per watt basis , based on publicly available information . this cost competitiveness is reflected in the price at which we sell our modules and fully integrated pv solar power systems and enables our systems to compete favorably . our cost competitiveness is based in large part on our module conversion efficiency , proprietary manufacturing technology ( which enables us to produce a cdte module in less than 2.5 hours using a continuous and highly automated industrial manufacturing process , as opposed to a batch process ) , our scale , and our operational excellence . in addition , our cdte modules use approximately 1-2 % of the amount of the semiconductor material that is used to manufacture traditional crystalline silicon solar modules . the cost of polysilicon is a significant driver of the manufacturing cost of crystalline silicon solar modules , and the timing and rate of change in the cost of silicon feedstock and polysilicon could lead to changes in solar module pricing levels . polysilicon costs have had periods of decline over the past several years , contributing to a decline in our relative manufacturing cost competitiveness over traditional crystalline silicon module manufacturers . given the smaller size ( sometimes referred to as form factor ) of our cdte modules compared to certain types of crystalline silicon modules , we may incur higher labor and bos costs associated with systems using our modules . thus , to compete effectively on an lcoe basis , our modules may need to maintain a certain cost advantage per watt compared to crystalline silicon-based modules with larger form factors . bos costs represent a significant portion of the costs associated with the construction of a typical utility-scale pv solar power system . 47 in terms of energy density , in many climates , our cdte modules provide a significant energy yield advantage over conventional crystalline silicon solar modules of equivalent efficiency rating . for example , in humid climates , our cdte modules provide a superior spectral response , and in hot climates , our cdte modules provide a superior temperature coefficient . as a result , at temperatures above 25°c ( standard test conditions ) , our cdte modules produce more energy than competing conventional crystalline silicon solar modules with an equivalent efficiency rating . story_separator_special_tag replace_table_token_4_th 51 projects with executed ppa not sold/not contracted replace_table_token_5_th ( 1 ) the volume of modules installed in mw dc will be higher than the mw ac size pursuant to a dc-ac ratio typically ranging from 1.2 to 1.3 ; such ratio varies across different projects due to various system design factors ( 2 ) controlling interest in the project sold to southern company in august 2015 ( 3 ) contracted but not specified ( 4 ) ppa contracted partners include cobb electric membership corporation , flint electric membership corporation , and sawnee electric membership corporation ( 5 ) nepco is defined as national electric power company , the country of jordan 's regulatory authority for power generation and distribution and a consortium of investors ( 6 ) uog is defined as utility owned generation ( 7 ) project sold under a development agreement in february 2016 ( 8 ) pg & e 150 mw ac and apple inc. 130 mw ac ( 9 ) tsspdcl is defined as southern power distribution company of telangana state ltd and consists of 110 mw ac of projects ; and apspdcl is defined as andhra pradesh southern power distribution company ltd and consists of 80 mw ac of projects ( 10 ) no ppa – electricity to be sold on an open contract basis ( 11 ) scppa is defined as southern california public power authority ; scppa 20 mw ac and city of pasadena 20 mw ac ( 12 ) electricity expected to be sold under feed-in-tariff structure for ten years , pending acquisition of certain licenses ( 13 ) pg & e 11 mw ac and sce 20 mw ac 52 results of operations during 2015 , we revised our previously issued financial statements from 2011 to 2014 to properly record a liability associated with an uncertain tax position related to income of a foreign subsidiary . additional revisions were made for previously identified errors that were corrected in a period subsequent to the period in which the error originated . all financial information presented herein was revised to reflect the correction of these errors . see note 1 “ first solar and its business – revision of previously issued financial statements ” to our consolidated financial statements for the year ended december 31 , 2015 included in this annual report on form 10-k for additional information . the following table sets forth our consolidated statements of operations as a percentage of net sales for the years ended december 31 , 2015 , 2014 , and 2013 : replace_table_token_6_th segment overview we operate our business in two segments . our components segment involves the design , manufacture , and sale of solar modules which convert sunlight into electricity , and our systems segment includes the development , construction , operation , and maintenance of pv solar power systems , which primarily use our solar modules . see note 23 “ segment and geographical information ” to our consolidated financial statements for the year ended december 31 , 2015 included in this annual report on form 10-k. see also item 7 : “ management 's discussion and analysis of financial condition and results of operations – systems project pipeline ” for a description of the system projects in our advanced-stage project pipeline . product revenue the following table sets forth the total amounts of solar module and solar power system net sales for the years ended december 31 , 2015 , 2014 , and 2013 . for the purpose of the following table , ( i ) solar module revenue is composed of total net sales from the sale of solar modules to third parties , and ( ii ) solar power system revenue is composed of total net sales from the sale of pv solar power systems and related services and solutions including the solar modules installed in the systems we develop and construct along with revenue generated from such systems ( in thousands ) : replace_table_token_7_th 53 solar module revenue to third parties decreased by $ 0.9 million during 2015 compared to 2014 primarily due to a 10 % decrease in the average selling price per watt , partially offset by an 11 % increase in the volume of watts sold . solar power system revenue increased by $ 188.7 million during 2015 compared to 2014 primarily due to higher revenue from module plus transactions . our net sales for 2015 also included the sale of majority interests in the partially constructed desert stateline project and north star project and higher revenue from our silver state south , mccoy , and imperial energy center west projects , which commenced construction in late 2014. these 2015 net sales were offset by lower revenue from the completion , or substantial completion , of our desert sunlight , solar gen 2 , topaz , and campo verde projects in 2014. solar module revenue to third parties decreased by $ 152.6 million during 2014 compared to 2013 primarily as a result of a 26 % decrease in the volume of watts sold and a 19 % decrease in the average selling price per watt . solar power system revenue increased by $ 234.1 million during 2014 compared to 2013 primarily as a result of the number and size of projects under construction between these periods as well as the timing of when all the revenue recognition criteria was met . specifically , the increase was attributable to higher revenue from the partial sale of our solar gen 2 project , the sale of our campo verde and macho springs projects , and the commencement of construction and related revenue recognition on multiple projects in california and our agl nyngan project in australia . these increases were partially offset by decreases in systems business project revenue from our desert sunlight project as it neared substantial completion , our completed first phase of the imperial solar energy center south project and our completed amherstburg ,

