in addition to the energy end-market challenges , we have also incurred significant costs related to manufacturing inefficiencies associated with changes in aerospace customer demand , with the trend toward smaller lot sizes and less consistent order patterns over the past few quarters . while these challenges and endeavors have significantly impacted margins , we believe that the margins in these businesses will moderate to historical levels over time ( and have in packaging , for example , where the innovative molding and arminak & associates acquisitions have been integrated ) as we integrate our acquisitions into our businesses , right-size our facilities and staffing levels to current and expected demand levels and patterns and capitalize on productivity initiatives and volume efficiencies . 29 critical factors affecting our ability to succeed include : our ability to create organic growth through product development , cross selling and extending product-line offerings , and our ability to quickly and cost-effectively introduce new products ; our ability to acquire and integrate companies or products that supplement existing product lines , add new distribution channels , expand our geographic coverage or enable better absorption of overhead costs ; our ability to manage our cost structure more efficiently via supply base management , internal sourcing and or purchasing of materials , selective outsourcing and or purchasing of support functions , working capital management , and greater leverage of our administrative functions . if we are unable to do any of the foregoing successfully , our financial condition and results of operations could be materially and adversely impacted . there is some seasonality in the businesses within our cequent reportable segments , primarily within cequent americas , where sales of towing and trailering products are generally stronger in the second and third quarters , as trailer oems , distributors and retailers acquire product for the spring and summer selling seasons . no other reportable segment experiences significant seasonal fluctuation . we do not consider sales order backlog to be a material factor in our business . a growing portion of our sales is derived from international sources , which exposes us to certain risks , including currency risks . the demand for some of our products , particularly in our two cequent reportable segments , is heavily influenced by consumer sentiment . despite the sales increases in the past few years , we recognize that consumer sentiment and the end market conditions remain unstable , primarily for cequent americas , given continued uncertainties in employment levels and consumer credit availability , both of which significantly impact consumer discretionary spending . we are sensitive to price movements in our raw materials supply base . our largest material purchases are for steel , copper , aluminum , polyethylene and other resins and utility-related inputs . historically , we have experienced increasing costs of steel and resin and have worked with our suppliers to manage cost pressures and disruptions in supply . we also utilize pricing programs to pass increased steel , copper , aluminum and resin costs to customers . although we may experience delays in our ability to implement price increases , we have been generally able to recover such increased costs . we may experience disruptions in supply in the future and may not be able to pass along higher costs associated with such disruptions to our customers in the form of price increases . in addition to the aforementioned price movements in significant raw materials , certain of our businesses are sensitive to oil price movements . our arrow engine business is most directly impacted by significant changes in oil prices . arrow 's pumpjack and other engine sales and related parts , which comprise a significant portion of the business , are impacted by oil drilling levels and commodity pricing . the decline of oil prices in late fourth quarter and into 2015 has significantly impacted demand levels in this business . our other businesses may be impacted by volatile oil prices , but not as directly . for example , a small portion of our energy reportable segment serves upstream customers at oil well sites that may be more quickly impacted by changes in oil prices , while the majority of the segment provides parts for refineries and chemical plants , which may or may not choose to defer capital expenditures or changeover production stock , both of which would require retooling with our gaskets and bolts , in times of fluctuations in oil prices . our packaging reportable segment may be impacted by oil prices , as it is a significant driver of resin pricing , although we generally are able to maintain profit levels when oil prices change due to escalator/de-escalator clauses in contracts with many of our customers . lastly , our cequent businesses rely on consumer discretionary spending levels and confidence , which may be impacted when oil and gasoline prices are volatile . we report shipping and handling expenses associated with our cequent americas reportable segment 's distribution network as an element of selling , general and administrative expenses in our consolidated statement of income . as such , gross margins for the cequent americas reportable segment may not be comparable to those of our other reportable segments , which primarily rely on third party distributors , for which all costs are included in cost of sales . 30 segment information and supplemental analysis the following table summarizes financial information for our six reportable segments : replace_table_token_4_th 31 replace_table_token_5_th results of operations year ended december 31 , 2014 compared with year ended december 31 , 2013 the principal factors impacting us during the year ended december 31 , 2014 , compared with the year ended december 31 , 2013 were : the impact of our various acquisitions during 2014 and 2013 ( see below for the impact by reportable segment ) ; business unit restructuring within our energy reportable segment , under which we incurred approximately $ 13.2 million story_separator_special_tag selling , general and administrative costs increased in our legacy aerospace business , primarily due to an approximately $ 1.1 million charge for resolution of a customer claim . in addition , we incurred approximately $ 0.7 million in additional employee related costs in 2014 associated with changes in leadership . operating profit within aerospace decreased approximately $ 5.0 million to $ 17.8 million , or 14.7 % of sales , in 2014 , as compared to $ 22.8 million , or 23.9 % of sales , in 2013 , primarily due to manufacturing and labor inefficiencies , a less favorable product sales mix , lower profit margins associated with our recent acquisitions and higher selling , general and administrative expenses in support of our growth initiatives , which more than offset the impact of higher sales levels . engineered components . net sales in 2014 increased approximately $ 36.0 million , or 19.4 % , to $ 221.4 million , as compared to $ 185.4 million in 2013 . sales in our industrial cylinder business increased by approximately $ 26.0 million , due primarily to approximately $ 17.0 million in sales being generated from our november 2013 cylinder asset acquisition , as well as continued growth projects related to both new product sales of fire suppressant and aviation cylinders , and growth in our mexico and south america markets . sales in our engine business increased approximately $ 10.0 million , with approximately $ 5.6 million of the increase related to a large order for compressor packages by a significant customer in the first quarter of 2014. in addition , sales increased in our gas compression products by approximately $ 7.2 million resulting from both growth in our existing customer base and new customers . these increases were partially offset by an approximate $ 2.9 million decrease in our slow speed and compressor engine and related products business , primarily due to a reduced demand of our single cylinder engines and the impact of falling oil prices in late 2014. gross profit within engineered components increased approximately $ 15.1 million to $ 48.4 million , or 21.9 % of sales , in 2014 , from $ 33.3 million , or 18.0 % of sales , in 2013 , primarily due to margin improvement , as well as higher sales levels in both of our industrial cylinder and engine businesses . gross profit margin in our engine business increased , as the lower fixed cost absorption we experienced during the third quarter of 2013 , primarily a result of lower production and procurement levels , did not recur in 2014 , and as a result of a more favorable product sales mix and continued productivity initiatives . gross profit margin in our industrial cylinder business remained flat , as increased gross profit margin due to continued productivity initiatives and operating leverage gained on the recent cylinder asset acquisition was offset by a less favorable product sales mix . selling , general and administrative expenses increased approximately $ 0.6 million to $ 14.2 million , or 6.4 % of sales , in 2014 , as compared to $ 13.6 million , or 7.3 % of sales , in 2013 , as a result of the increased sales in both our engine and industrial cylinder businesses , with lower selling , general and administrative expenses as a percent of sales as a result of additional operating leverage gained on the higher sales levels , primarily in our engine business , as well as reduced legal fees in our industrial cylinder business , which was partially offset by increased amortization of the intangible assets associated with the fourth quarter 2013 cylinder asset acquisition . 35 operating profit within engineered components increased approximately $ 14.6 million to $ 34.1 million , or 15.4 % of sales , in 2014 , as compared to $ 19.5 million , or 10.5 % of sales , in 2013 , primarily due to the increased sales levels , with margin improvement resulting from improved fixed cost absorption in our engine business , continued productivity and cost reduction initiatives , as well as the additional operating leverage gained on selling , general and administrative expenses . cequent apea . net sales increased approximately $ 13.5 million , or 8.9 % , to $ 165.1 million in 2014 , as compared to $ 151.6 million in 2013 . sales increased approximately $ 22.6 million as a result of the incremental sales associated with the acquisitions of c.p . witter limited ( `` witter `` ) , in april 2013 , and the towing technology and associated assets of al-ko , in july 2013. in addition , sales increased due to both additional market share gains and new products in both our south africa and new zealand businesses . the increase was partially offset by relatively equal declines in thailand and australia . the declines in australia were related to general economic conditions resulting in reduced consumer and business confidence , lower sales in thailand related to the loss of an oem product line contract and the unfavorable impact of currency exchange of approximately $ 6.0 million , as our reported results in u.s. dollars were negatively impacted as a result of the stronger u.s. dollar relative to foreign currencies . cequent apea 's gross profit increased approximately $ 0.6 million to $ 31.4 million , or 19.0 % of net sales in 2014 , from approximately $ 30.8 million , or 20.3 % of net sales , in 2013 , primarily due to higher sales levels and the impact of approximately $ 1.2 million of purchase accounting-related adjustments recorded during 2013 related to the step-up in value and subsequent amortization of inventory in connection with our european acquisitions that did not recur . gross profit margin decreased due to a less favorable product and regional sales mix , as sales growth in the recently acquired european businesses and the growth

cash provided by operating activities in 2014 was approximately $ 123.4 million , as compared to $ 87.6 million in 2013 . significant changes in cash flows provided by operating activities and the reasons for such changes are as follows : in 2014 , the company generated $ 124.7 million in cash flows , based on the reported net income of $ 69.3 million and after considering the effects of non-cash items related to gains on dispositions of businesses and other assets , depreciation , amortization , stock compensation and related changes in excess tax benefits , changes in deferred income taxes , debt financing and extinguishment costs and other , net . in 2013 , the company generated $ 118.5 million based on the reported net income of $ 80.1 million and after considering the effects of similar non-cash items . increases in accounts receivable resulted in a use of cash of approximately $ 13.3 million and $ 25.6 million in 2014 and 2013 , respectively . the increase in accounts receivable is due primarily to the increase in year-over-year sales and the timing of sales and collection of cash within the period . our days sales outstanding of receivables remained relatively flat year-over-year . 42 we used approximately $ 7.5 million and $ 10.7 million of cash in 2014 and 2013 , respectively , for investment in our inventories . inventory levels increased primarily to support the increased sales volumes . while our gross inventory levels are higher in 2014 than in 2013 , our days sales of inventory have remained relatively flat , as we have not needed to make significant investment in additional inventory in 2014 , despite the 8.0 % increase in sales year-over-year .


 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 provided by operating activities in 2014 was approximately $ 123.4 million , as compared to $ 87.6 million in 2013 . significant changes in cash flows provided by operating activities and the reasons for such changes are as follows : in 2014 , the company generated $ 124.7 million in cash flows , based on the reported net income of $ 69.3 million and after considering the effects of non-cash items related to gains on dispositions of businesses and other assets , depreciation , amortization , stock compensation and related changes in excess tax benefits , changes in deferred income taxes , debt financing and extinguishment costs and other , net . in 2013 , the company generated $ 118.5 million based on the reported net income of $ 80.1 million and after considering the effects of similar non-cash items . increases in accounts receivable resulted in a use of cash of approximately $ 13.3 million and $ 25.6 million in 2014 and 2013 , respectively . the increase in accounts receivable is due primarily to the increase in year-over-year sales and the timing of sales and collection of cash within the period . our days sales outstanding of receivables remained relatively flat year-over-year . 42 we used approximately $ 7.5 million and $ 10.7 million of cash in 2014 and 2013 , respectively , for investment in our inventories . inventory levels increased primarily to support the increased sales volumes . while our gross inventory levels are higher in 2014 than in 2013 , our days sales of inventory have remained relatively flat , as we have not needed to make significant investment in additional inventory in 2014 , despite the 8.0 % increase in sales year-over-year .
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 Suspicious Activity Report : in addition to the energy end-market challenges , we have also incurred significant costs related to manufacturing inefficiencies associated with changes in aerospace customer demand , with the trend toward smaller lot sizes and less consistent order patterns over the past few quarters . while these challenges and endeavors have significantly impacted margins , we believe that the margins in these businesses will moderate to historical levels over time ( and have in packaging , for example , where the innovative molding and arminak & associates acquisitions have been integrated ) as we integrate our acquisitions into our businesses , right-size our facilities and staffing levels to current and expected demand levels and patterns and capitalize on productivity initiatives and volume efficiencies . 29 critical factors affecting our ability to succeed include : our ability to create organic growth through product development , cross selling and extending product-line offerings , and our ability to quickly and cost-effectively introduce new products ; our ability to acquire and integrate companies or products that supplement existing product lines , add new distribution channels , expand our geographic coverage or enable better absorption of overhead costs ; our ability to manage our cost structure more efficiently via supply base management , internal sourcing and or purchasing of materials , selective outsourcing and or purchasing of support functions , working capital management , and greater leverage of our administrative functions . if we are unable to do any of the foregoing successfully , our financial condition and results of operations could be materially and adversely impacted . there is some seasonality in the businesses within our cequent reportable segments , primarily within cequent americas , where sales of towing and trailering products are generally stronger in the second and third quarters , as trailer oems , distributors and retailers acquire product for the spring and summer selling seasons . no other reportable segment experiences significant seasonal fluctuation . we do not consider sales order backlog to be a material factor in our business . a growing portion of our sales is derived from international sources , which exposes us to certain risks , including currency risks . the demand for some of our products , particularly in our two cequent reportable segments , is heavily influenced by consumer sentiment . despite the sales increases in the past few years , we recognize that consumer sentiment and the end market conditions remain unstable , primarily for cequent americas , given continued uncertainties in employment levels and consumer credit availability , both of which significantly impact consumer discretionary spending . we are sensitive to price movements in our raw materials supply base . our largest material purchases are for steel , copper , aluminum , polyethylene and other resins and utility-related inputs . historically , we have experienced increasing costs of steel and resin and have worked with our suppliers to manage cost pressures and disruptions in supply . we also utilize pricing programs to pass increased steel , copper , aluminum and resin costs to customers . although we may experience delays in our ability to implement price increases , we have been generally able to recover such increased costs . we may experience disruptions in supply in the future and may not be able to pass along higher costs associated with such disruptions to our customers in the form of price increases . in addition to the aforementioned price movements in significant raw materials , certain of our businesses are sensitive to oil price movements . our arrow engine business is most directly impacted by significant changes in oil prices . arrow 's pumpjack and other engine sales and related parts , which comprise a significant portion of the business , are impacted by oil drilling levels and commodity pricing . the decline of oil prices in late fourth quarter and into 2015 has significantly impacted demand levels in this business . our other businesses may be impacted by volatile oil prices , but not as directly . for example , a small portion of our energy reportable segment serves upstream customers at oil well sites that may be more quickly impacted by changes in oil prices , while the majority of the segment provides parts for refineries and chemical plants , which may or may not choose to defer capital expenditures or changeover production stock , both of which would require retooling with our gaskets and bolts , in times of fluctuations in oil prices . our packaging reportable segment may be impacted by oil prices , as it is a significant driver of resin pricing , although we generally are able to maintain profit levels when oil prices change due to escalator/de-escalator clauses in contracts with many of our customers . lastly , our cequent businesses rely on consumer discretionary spending levels and confidence , which may be impacted when oil and gasoline prices are volatile . we report shipping and handling expenses associated with our cequent americas reportable segment 's distribution network as an element of selling , general and administrative expenses in our consolidated statement of income . as such , gross margins for the cequent americas reportable segment may not be comparable to those of our other reportable segments , which primarily rely on third party distributors , for which all costs are included in cost of sales . 30 segment information and supplemental analysis the following table summarizes financial information for our six reportable segments : replace_table_token_4_th 31 replace_table_token_5_th results of operations year ended december 31 , 2014 compared with year ended december 31 , 2013 the principal factors impacting us during the year ended december 31 , 2014 , compared with the year ended december 31 , 2013 were : the impact of our various acquisitions during 2014 and 2013 ( see below for the impact by reportable segment ) ; business unit restructuring within our energy reportable segment , under which we incurred approximately $ 13.2 million story_separator_special_tag selling , general and administrative costs increased in our legacy aerospace business , primarily due to an approximately $ 1.1 million charge for resolution of a customer claim . in addition , we incurred approximately $ 0.7 million in additional employee related costs in 2014 associated with changes in leadership . operating profit within aerospace decreased approximately $ 5.0 million to $ 17.8 million , or 14.7 % of sales , in 2014 , as compared to $ 22.8 million , or 23.9 % of sales , in 2013 , primarily due to manufacturing and labor inefficiencies , a less favorable product sales mix , lower profit margins associated with our recent acquisitions and higher selling , general and administrative expenses in support of our growth initiatives , which more than offset the impact of higher sales levels . engineered components . net sales in 2014 increased approximately $ 36.0 million , or 19.4 % , to $ 221.4 million , as compared to $ 185.4 million in 2013 . sales in our industrial cylinder business increased by approximately $ 26.0 million , due primarily to approximately $ 17.0 million in sales being generated from our november 2013 cylinder asset acquisition , as well as continued growth projects related to both new product sales of fire suppressant and aviation cylinders , and growth in our mexico and south america markets . sales in our engine business increased approximately $ 10.0 million , with approximately $ 5.6 million of the increase related to a large order for compressor packages by a significant customer in the first quarter of 2014. in addition , sales increased in our gas compression products by approximately $ 7.2 million resulting from both growth in our existing customer base and new customers . these increases were partially offset by an approximate $ 2.9 million decrease in our slow speed and compressor engine and related products business , primarily due to a reduced demand of our single cylinder engines and the impact of falling oil prices in late 2014. gross profit within engineered components increased approximately $ 15.1 million to $ 48.4 million , or 21.9 % of sales , in 2014 , from $ 33.3 million , or 18.0 % of sales , in 2013 , primarily due to margin improvement , as well as higher sales levels in both of our industrial cylinder and engine businesses . gross profit margin in our engine business increased , as the lower fixed cost absorption we experienced during the third quarter of 2013 , primarily a result of lower production and procurement levels , did not recur in 2014 , and as a result of a more favorable product sales mix and continued productivity initiatives . gross profit margin in our industrial cylinder business remained flat , as increased gross profit margin due to continued productivity initiatives and operating leverage gained on the recent cylinder asset acquisition was offset by a less favorable product sales mix . selling , general and administrative expenses increased approximately $ 0.6 million to $ 14.2 million , or 6.4 % of sales , in 2014 , as compared to $ 13.6 million , or 7.3 % of sales , in 2013 , as a result of the increased sales in both our engine and industrial cylinder businesses , with lower selling , general and administrative expenses as a percent of sales as a result of additional operating leverage gained on the higher sales levels , primarily in our engine business , as well as reduced legal fees in our industrial cylinder business , which was partially offset by increased amortization of the intangible assets associated with the fourth quarter 2013 cylinder asset acquisition . 35 operating profit within engineered components increased approximately $ 14.6 million to $ 34.1 million , or 15.4 % of sales , in 2014 , as compared to $ 19.5 million , or 10.5 % of sales , in 2013 , primarily due to the increased sales levels , with margin improvement resulting from improved fixed cost absorption in our engine business , continued productivity and cost reduction initiatives , as well as the additional operating leverage gained on selling , general and administrative expenses . cequent apea . net sales increased approximately $ 13.5 million , or 8.9 % , to $ 165.1 million in 2014 , as compared to $ 151.6 million in 2013 . sales increased approximately $ 22.6 million as a result of the incremental sales associated with the acquisitions of c.p . witter limited ( `` witter `` ) , in april 2013 , and the towing technology and associated assets of al-ko , in july 2013. in addition , sales increased due to both additional market share gains and new products in both our south africa and new zealand businesses . the increase was partially offset by relatively equal declines in thailand and australia . the declines in australia were related to general economic conditions resulting in reduced consumer and business confidence , lower sales in thailand related to the loss of an oem product line contract and the unfavorable impact of currency exchange of approximately $ 6.0 million , as our reported results in u.s. dollars were negatively impacted as a result of the stronger u.s. dollar relative to foreign currencies . cequent apea 's gross profit increased approximately $ 0.6 million to $ 31.4 million , or 19.0 % of net sales in 2014 , from approximately $ 30.8 million , or 20.3 % of net sales , in 2013 , primarily due to higher sales levels and the impact of approximately $ 1.2 million of purchase accounting-related adjustments recorded during 2013 related to the step-up in value and subsequent amortization of inventory in connection with our european acquisitions that did not recur . gross profit margin decreased due to a less favorable product and regional sales mix , as sales growth in the recently acquired european businesses and the growth

