replace_table_token_6_th our major strategic accomplishments during 2019 include the following : we continued to be an industry leader in on-time delivery of high quality materials and components as indicated by our ability to secure extensions on various important long-term agreements ( ltas ) in the hpmc segment in 2019. we extended supply agreements with ge aviation that are expected to generate $ 2.5 billion in revenues and which begin in january 2021 and are multi-year agreements . we extended our long-term agreement through 2029 with rolls-royce to supply rotating disc quality specialty materials for their trent engine family . this agreement covers the production of a wide-range of critical products used to make rolls-royce 's next-generation jet engines as well as spare parts for in-service engines . we also announced the expansion and 6.5 year extension of our lta with bwx technologies to supply materials for the manufacture of naval nuclear components . the frp segment achieved its third straight year of profitability despite the negative impacts from section 232 tariffs , elevated retirement benefit expense , and soft demand for our standard stainless products and related cost inefficiencies . we remain focused on continuous improvement and profitable growth in this segment . we extended and expanded our agreement with nlmk usa for one year , through december 2020 , to provide carbon steel hot-rolling conversion services at our world-class hrfp . this agreement includes significant guaranteed volumes and fixed fee-per-ton revenues . we generated $ 230 million in cash from operating activities in 2019 , which included $ 145 million in contributions to ati 's u.s. defined benefit pension trust , and we achieved our long-range managed working capital target at 30 % of annualized sales . we also generated $ 250 million in cash from non-core asset sales , including two transactions to monetize some of our long-held oil and gas rights and the divestitures of two non-core carbon steel forging facilities and our titanium investment castings business . overall , we ended the year with $ 491 million of cash on hand . in the fourth quarter 2019 , we reduced our total debt outstanding by $ 150 million and lowered our debt to adjusted ebitda ratio to 2.69 at december 31 , 2019 compared to 3.07 at year-end 2018 ( see the financial condition and liquidity section of management 's discussion and analysis for this calculation ) . we issued $ 350 million of 5.875 % senior notes due 2027 , the proceeds of which , along with cash on hand , were used to early redeem our $ 500 million 5.95 % senior notes due 2021. in recognition of these improving credit metrics , moody 's upgraded ati 's credit rating one notch to b1 . on september 30 , 2019 , we amended and restated our asset based lending ( abl ) credit facility , extending the facility through 2024 and increasing the revolving credit portion of the facility by $ 100 million . see financial condition and liquidity for further explanation . we continued to make capital investments to support our strategic growth initiatives and to have the installed asset base in service and qualified when needed for additional production capacity associated with extended and expanded long-term agreements , principally involving customers in the aerospace & defense markets , including our iso-thermal press and heat-treating capacity expansion at our iso-thermal forging center of excellence in cudahy , wi . we made further progress on our risk management strategy for retirement benefit obligations by completing a $ 96 million risk transfer through the purchase of an annuity contract with a nationally recognized insurance company . this annuity buyout removed 10 % of plan participants , bringing the total pension participant reduction to more than 50 % over the past seven years . 20 results of operations sales were $ 4.12 billion in 2019 , compared to $ 4.05 billion in 2018 , a 2 % increase , despite a 2 % negative impact from business divestitures . income before tax was $ 241.6 million in 2019 , compared to $ 247.7 million in 2018. net income attributable to ati in 2019 was $ 257.6 million , or $ 1.85 per share , compared to $ 222.4 million , or $ 1.61 per share , in 2018. results in 2019 include a $ 28.5 million income tax benefit , while 2018 results reflect $ 11.0 million of income tax expense . through december 31 , 2019 , we continued to maintain valuation allowances for u.s. federal and state deferred taxes , and results in all periods include impacts from income taxes that differ from the applicable standard tax rate , primarily related to these income tax valuation allowances . at december 31 , 2019 , we determined that a substantial portion of these income tax valuation allowances were no longer required , and a $ 45.1 million discrete tax benefit was recognized . in 2019 , we completed several strategic actions to improve future financial performance , liquidity and our financial condition . these items noted below are excluded from business segment results unless otherwise noted . during the second quarter of 2019 , we completed the sale of two non-core forging facilities in our hpmc segment for $ 37 million . sales from these two forging facilities in 2018 were $ 86 million . we received net cash proceeds of $ 33.0 million on the sale of this business and recognized an $ 8.1 million pre-tax loss in 2019 , including $ 10.4 million of allocated goodwill . during the third quarter of 2019 , we completed the sale of our cast products titanium investment castings business in our hpmc segment for $ 127 million . story_separator_special_tag on march 1 , 2018 , we announced the formation of the a & t stainless joint venture with tsingshan to produce 60-inch wide stainless sheet products for sale in north america . this joint venture utilizes tsingshan-supplied stainless steel slabs from its vertically integrated operations in indonesia . the tsingshan-supplied stainless steel slabs are hot-rolled into coils on the frp segment 's hrpf under a conversion agreement . the hot-rolled coils are finished into stainless steel sheet using ati 's previously-idled direct roll anneal and pickle production facility in midland , pa , which is ati 's major investment in the joint venture . in late march 2018 , ati filed for an exclusion from the section 232 tariffs on behalf of a & t stainless , which imports semi-finished stainless slab products from indonesia . in april 2019 , the company learned that this exclusion request was denied by the u.s. department of commerce . the a & t stainless jv filed a new request for exclusion in october 2019 , but will continue to be subject to the 25 % tariff levied on its imports of semi-finished stainless slab products from indonesia pending the outcome of this new request . results of a & t stainless have been and will continue to be negatively impacted by these tariffs on imported stainless slab products . the joint venture partners have continued to evaluate longer-term solutions to return this strategic initiative to profitability , and determined during the fourth quarter of 2019 that idling this facility is probable if a near-term tariff exclusion is not received . ati recognized an $ 11.4 million impairment charge in 2019 related to the a & t stainless jv , primarily related to ati 's equity-method share of the jv 's long-lived asset impairment charge for the midland facility , that is excluded from frp segment results . lifo and net realizable value reserves the net effect of changes in lifo and nrv inventory reserves was expense of $ 0.1 million and $ 0.7 million in 2019 and 2018 , respectively . falling inventory costs in 2019 resulted in a $ 25.5 million pretax lifo inventory valuation reserve benefit , which was offset by a $ 25.6 million pretax non-cash charge for nrv inventory reserves that are required to offset the company 's aggregate net debit lifo inventory balance that exceeds current inventory replacement cost . rising inventory costs in 2018 resulted in a $ 28.6 million pretax lifo inventory valuation reserve charge , which was offset by a $ 27.9 million pretax non-cash benefit for nrv inventory reserves . corporate expenses corporate expenses , which are included in selling and administrative expenses in the statement of operations , were $ 66.8 million in 2019 compared to $ 58.1 million in 2018 . this increase was due primarily due to higher incentive compensation expenses . 27 closed operations and other expenses closed operations and other expenses are presented primarily in selling and administrative expenses in the consolidated statements of operations , and include legal , environmental , retirement benefit and insurance obligations associated with closed operations . closed operations and other expenses were $ 25.5 million in 2019 , compared to $ 21.6 million in 2018 . these expenses were higher compared to 2018 primarily due to higher retirement benefit expenses . restructuring and other gains/charges a $ 4.5 million restructuring charge was recorded in the fourth quarter 2019 to streamline our salaried workforce , primarily to improve the cost competitiveness of the u.s.-based frp business . this restructuring charge is excluded from segment operating results . gain on joint venture deconsolidation on march 1 , 2018 , we announced the formation of a & t stainless , in which ati has a 50 % ownership interest . our joint venture partner purchased its 50 % joint venture interest during the first quarter of 2018 , and as a result of this sale and the subsequent deconsolidation of the a & t stainless entity , we recognized a $ 15.9 million gain in the first quarter of 2018. this gain is reported in other income , net , on the consolidated statement of operations for the year ended december 31 , 2018 and is excluded from frp segment results . joint venture impairment charge we recorded an $ 11.4 million impairment charge in 2019 for the a & t stainless joint venture , including ati 's share of a long-lived asset impairment charge recognized by the joint venture on the carrying value of its production facility in midland , pa. ati recognized a $ 7.1 million equity loss for its 50 % share of a $ 14.2 million long-lived asset impairment recognized by a & t stainless . in addition , as of december 31 , 2019 , ati had net receivables for working capital advances and administrative services from a & t stainless of $ 36.8 million that were also evaluated for collectability , and a $ 4.3 million reserve was recorded in december 2019 based ati 's share of the estimated fair value of the joint venture 's net assets . this charge is excluded from frp segment results . gains on asset sales , net during the third quarter of 2019 , we completed the sale of our cast products business for $ 127 million . this business produced titanium investment castings that are primarily used by aerospace & defense oems in the production of commercial jet airframes and engines . we recognized a $ 6.2 million gain in 2019 , which included a $ 10.2 million impairment charge on the carrying value of long-lived assets of the retained salem operation . during the second quarter of 2019 , we completed the sale of two non-core forging facilities , located in portland , in and lebanon , ky , that used primarily traditional forging methods to produce carbon steel forged products for use in the oil & gas , transportation

cash flow and working capital cash provided by operations for 2019 was $ 230.1 million , including cash provided by an $ 88.4 million reduction in managed working capital balances . this was despite $ 29 million in short-term working capital advances to the a & t stainless joint venture for 2019 and $ 145 million of cash contributions to ati 's u.s. qualified defined benefit pension plans in 2019. cash provided by operations was $ 392.8 million in 2018 , which included a $ 74.1 million reduction in managed working capital balances and was partially offset by $ 40 million in cash contributions to ati 's u.s. qualified defined benefit pension plans and $ 11 million in short-term working capital advances to the a & t stainless joint venture . as part of managing the liquidity of our business , we focus on controlling managed working capital , which is defined as gross accounts receivable , short-term contract assets and gross inventories , less accounts payable and short-term contract liabilities . in measuring performance in controlling this managed working capital , we exclude the effects of lifo and other inventory valuation reserves , and reserves for uncollectible accounts receivable which , due to their nature , are managed separately . we measure managed working capital as a percentage of the prior three months annualized sales to evaluate our performance based on recent levels of business volume . in 2019 , managed working capital decreased to 30.0 % of annualized total ati sales compared to 31.6 % of annualized sales at december 31 , 2018 , a 160 basis point reduction despite year-over-year business growth . the $ 88.4 million decrease in managed working capital in 2019 resulted from a $ 12.7 million decrease in short-term contract assets , a $ 70.9 million decrease in inventory , a $ 22.4 million increase in accounts payable and $ 7.3 million increase in short-term contract liabilities , partially offset by a $ 24.9 million increase in accounts receivable .


 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 and working capital cash provided by operations for 2019 was $ 230.1 million , including cash provided by an $ 88.4 million reduction in managed working capital balances . this was despite $ 29 million in short-term working capital advances to the a & t stainless joint venture for 2019 and $ 145 million of cash contributions to ati 's u.s. qualified defined benefit pension plans in 2019. cash provided by operations was $ 392.8 million in 2018 , which included a $ 74.1 million reduction in managed working capital balances and was partially offset by $ 40 million in cash contributions to ati 's u.s. qualified defined benefit pension plans and $ 11 million in short-term working capital advances to the a & t stainless joint venture . as part of managing the liquidity of our business , we focus on controlling managed working capital , which is defined as gross accounts receivable , short-term contract assets and gross inventories , less accounts payable and short-term contract liabilities . in measuring performance in controlling this managed working capital , we exclude the effects of lifo and other inventory valuation reserves , and reserves for uncollectible accounts receivable which , due to their nature , are managed separately . we measure managed working capital as a percentage of the prior three months annualized sales to evaluate our performance based on recent levels of business volume . in 2019 , managed working capital decreased to 30.0 % of annualized total ati sales compared to 31.6 % of annualized sales at december 31 , 2018 , a 160 basis point reduction despite year-over-year business growth . the $ 88.4 million decrease in managed working capital in 2019 resulted from a $ 12.7 million decrease in short-term contract assets , a $ 70.9 million decrease in inventory , a $ 22.4 million increase in accounts payable and $ 7.3 million increase in short-term contract liabilities , partially offset by a $ 24.9 million increase in accounts receivable .
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 Suspicious Activity Report : replace_table_token_6_th our major strategic accomplishments during 2019 include the following : we continued to be an industry leader in on-time delivery of high quality materials and components as indicated by our ability to secure extensions on various important long-term agreements ( ltas ) in the hpmc segment in 2019. we extended supply agreements with ge aviation that are expected to generate $ 2.5 billion in revenues and which begin in january 2021 and are multi-year agreements . we extended our long-term agreement through 2029 with rolls-royce to supply rotating disc quality specialty materials for their trent engine family . this agreement covers the production of a wide-range of critical products used to make rolls-royce 's next-generation jet engines as well as spare parts for in-service engines . we also announced the expansion and 6.5 year extension of our lta with bwx technologies to supply materials for the manufacture of naval nuclear components . the frp segment achieved its third straight year of profitability despite the negative impacts from section 232 tariffs , elevated retirement benefit expense , and soft demand for our standard stainless products and related cost inefficiencies . we remain focused on continuous improvement and profitable growth in this segment . we extended and expanded our agreement with nlmk usa for one year , through december 2020 , to provide carbon steel hot-rolling conversion services at our world-class hrfp . this agreement includes significant guaranteed volumes and fixed fee-per-ton revenues . we generated $ 230 million in cash from operating activities in 2019 , which included $ 145 million in contributions to ati 's u.s. defined benefit pension trust , and we achieved our long-range managed working capital target at 30 % of annualized sales . we also generated $ 250 million in cash from non-core asset sales , including two transactions to monetize some of our long-held oil and gas rights and the divestitures of two non-core carbon steel forging facilities and our titanium investment castings business . overall , we ended the year with $ 491 million of cash on hand . in the fourth quarter 2019 , we reduced our total debt outstanding by $ 150 million and lowered our debt to adjusted ebitda ratio to 2.69 at december 31 , 2019 compared to 3.07 at year-end 2018 ( see the financial condition and liquidity section of management 's discussion and analysis for this calculation ) . we issued $ 350 million of 5.875 % senior notes due 2027 , the proceeds of which , along with cash on hand , were used to early redeem our $ 500 million 5.95 % senior notes due 2021. in recognition of these improving credit metrics , moody 's upgraded ati 's credit rating one notch to b1 . on september 30 , 2019 , we amended and restated our asset based lending ( abl ) credit facility , extending the facility through 2024 and increasing the revolving credit portion of the facility by $ 100 million . see financial condition and liquidity for further explanation . we continued to make capital investments to support our strategic growth initiatives and to have the installed asset base in service and qualified when needed for additional production capacity associated with extended and expanded long-term agreements , principally involving customers in the aerospace & defense markets , including our iso-thermal press and heat-treating capacity expansion at our iso-thermal forging center of excellence in cudahy , wi . we made further progress on our risk management strategy for retirement benefit obligations by completing a $ 96 million risk transfer through the purchase of an annuity contract with a nationally recognized insurance company . this annuity buyout removed 10 % of plan participants , bringing the total pension participant reduction to more than 50 % over the past seven years . 20 results of operations sales were $ 4.12 billion in 2019 , compared to $ 4.05 billion in 2018 , a 2 % increase , despite a 2 % negative impact from business divestitures . income before tax was $ 241.6 million in 2019 , compared to $ 247.7 million in 2018. net income attributable to ati in 2019 was $ 257.6 million , or $ 1.85 per share , compared to $ 222.4 million , or $ 1.61 per share , in 2018. results in 2019 include a $ 28.5 million income tax benefit , while 2018 results reflect $ 11.0 million of income tax expense . through december 31 , 2019 , we continued to maintain valuation allowances for u.s. federal and state deferred taxes , and results in all periods include impacts from income taxes that differ from the applicable standard tax rate , primarily related to these income tax valuation allowances . at december 31 , 2019 , we determined that a substantial portion of these income tax valuation allowances were no longer required , and a $ 45.1 million discrete tax benefit was recognized . in 2019 , we completed several strategic actions to improve future financial performance , liquidity and our financial condition . these items noted below are excluded from business segment results unless otherwise noted . during the second quarter of 2019 , we completed the sale of two non-core forging facilities in our hpmc segment for $ 37 million . sales from these two forging facilities in 2018 were $ 86 million . we received net cash proceeds of $ 33.0 million on the sale of this business and recognized an $ 8.1 million pre-tax loss in 2019 , including $ 10.4 million of allocated goodwill . during the third quarter of 2019 , we completed the sale of our cast products titanium investment castings business in our hpmc segment for $ 127 million . story_separator_special_tag on march 1 , 2018 , we announced the formation of the a & t stainless joint venture with tsingshan to produce 60-inch wide stainless sheet products for sale in north america . this joint venture utilizes tsingshan-supplied stainless steel slabs from its vertically integrated operations in indonesia . the tsingshan-supplied stainless steel slabs are hot-rolled into coils on the frp segment 's hrpf under a conversion agreement . the hot-rolled coils are finished into stainless steel sheet using ati 's previously-idled direct roll anneal and pickle production facility in midland , pa , which is ati 's major investment in the joint venture . in late march 2018 , ati filed for an exclusion from the section 232 tariffs on behalf of a & t stainless , which imports semi-finished stainless slab products from indonesia . in april 2019 , the company learned that this exclusion request was denied by the u.s. department of commerce . the a & t stainless jv filed a new request for exclusion in october 2019 , but will continue to be subject to the 25 % tariff levied on its imports of semi-finished stainless slab products from indonesia pending the outcome of this new request . results of a & t stainless have been and will continue to be negatively impacted by these tariffs on imported stainless slab products . the joint venture partners have continued to evaluate longer-term solutions to return this strategic initiative to profitability , and determined during the fourth quarter of 2019 that idling this facility is probable if a near-term tariff exclusion is not received . ati recognized an $ 11.4 million impairment charge in 2019 related to the a & t stainless jv , primarily related to ati 's equity-method share of the jv 's long-lived asset impairment charge for the midland facility , that is excluded from frp segment results . lifo and net realizable value reserves the net effect of changes in lifo and nrv inventory reserves was expense of $ 0.1 million and $ 0.7 million in 2019 and 2018 , respectively . falling inventory costs in 2019 resulted in a $ 25.5 million pretax lifo inventory valuation reserve benefit , which was offset by a $ 25.6 million pretax non-cash charge for nrv inventory reserves that are required to offset the company 's aggregate net debit lifo inventory balance that exceeds current inventory replacement cost . rising inventory costs in 2018 resulted in a $ 28.6 million pretax lifo inventory valuation reserve charge , which was offset by a $ 27.9 million pretax non-cash benefit for nrv inventory reserves . corporate expenses corporate expenses , which are included in selling and administrative expenses in the statement of operations , were $ 66.8 million in 2019 compared to $ 58.1 million in 2018 . this increase was due primarily due to higher incentive compensation expenses . 27 closed operations and other expenses closed operations and other expenses are presented primarily in selling and administrative expenses in the consolidated statements of operations , and include legal , environmental , retirement benefit and insurance obligations associated with closed operations . closed operations and other expenses were $ 25.5 million in 2019 , compared to $ 21.6 million in 2018 . these expenses were higher compared to 2018 primarily due to higher retirement benefit expenses . restructuring and other gains/charges a $ 4.5 million restructuring charge was recorded in the fourth quarter 2019 to streamline our salaried workforce , primarily to improve the cost competitiveness of the u.s.-based frp business . this restructuring charge is excluded from segment operating results . gain on joint venture deconsolidation on march 1 , 2018 , we announced the formation of a & t stainless , in which ati has a 50 % ownership interest . our joint venture partner purchased its 50 % joint venture interest during the first quarter of 2018 , and as a result of this sale and the subsequent deconsolidation of the a & t stainless entity , we recognized a $ 15.9 million gain in the first quarter of 2018. this gain is reported in other income , net , on the consolidated statement of operations for the year ended december 31 , 2018 and is excluded from frp segment results . joint venture impairment charge we recorded an $ 11.4 million impairment charge in 2019 for the a & t stainless joint venture , including ati 's share of a long-lived asset impairment charge recognized by the joint venture on the carrying value of its production facility in midland , pa. ati recognized a $ 7.1 million equity loss for its 50 % share of a $ 14.2 million long-lived asset impairment recognized by a & t stainless . in addition , as of december 31 , 2019 , ati had net receivables for working capital advances and administrative services from a & t stainless of $ 36.8 million that were also evaluated for collectability , and a $ 4.3 million reserve was recorded in december 2019 based ati 's share of the estimated fair value of the joint venture 's net assets . this charge is excluded from frp segment results . gains on asset sales , net during the third quarter of 2019 , we completed the sale of our cast products business for $ 127 million . this business produced titanium investment castings that are primarily used by aerospace & defense oems in the production of commercial jet airframes and engines . we recognized a $ 6.2 million gain in 2019 , which included a $ 10.2 million impairment charge on the carrying value of long-lived assets of the retained salem operation . during the second quarter of 2019 , we completed the sale of two non-core forging facilities , located in portland , in and lebanon , ky , that used primarily traditional forging methods to produce carbon steel forged products for use in the oil & gas , transportation

