pursuant to or in connection with the rsa and the restructuring contemplated thereby , among other things we effected the following transactions and changes to our capital structure and governance : immediately prior to the closing of the restructuring , we completed a 1-for-50 reverse stock split of our outstanding common stock as a result of which our issued and outstanding common stock decreased from 20,659,654 to 413,258 shares ; accordingly , all share and per share information contained in this report has been restated to retroactively show the effect of this stock split ; pursuant to exchange agreements entered into at the closing of the restructuring , we then exchanged approximately $ 241.9 million aggregate outstanding principal of our term loans ( together with accrued interest thereon ) held by supporting term lenders under our prior term loan facility into ( i ) 13,362,009 newly issued shares of common stock representing 97 % of the company 's outstanding shares after giving effect to such issuance ( and without giving effect to dilution by the new warrants and mip ( each as defined below ) ) and ( ii ) $ 20 million of term loans under our new $ 51.2 million term loan facility ( the “ new term loan facility ” ) , each on a pro rata basis based on their holdings of term loans under the prior term loan facility ; distributed to our common stockholders of record as of february 18 , 2020 two series of warrants ( the “ new warrants ” ) ; 22 index to financial statements entered into the $ 51.2 million new term loan facility , of which ( i ) $ 30 million was funded at closing of the restructuring with new cash proceeds from the supporting term lenders and $ 20 million was issued in exchange for term loans held by the supporting term lenders under the prior term loan facility as described above and ( ii ) an approximate $ 1.2 million was a senior secured term loan tranche in respect of term loans held by lenders under the prior term loan facility who were not supporting term lenders ; entered into the new abl facility ( as defined below ) ; adopted a new management incentive plan ( the “ mip ” ) representing up to 9 % of the company 's outstanding shares after giving effect to the issuance of shares described above ; and made certain changes to the company 's governance , including changes to our board of directors ( the “ board ” ) , amendments to our governing documents and entry into the stockholders agreement ( as defined below ) with the supporting term lenders . in accordance with the rsa at the closing of the restructuring , the company amended and restated its certificate of incorporation and entered into a stockholders agreement ( the “ stockholders agreement ” ) with the supporting term lenders in order to , among other things , provide for a board of seven members . pursuant to the stockholders agreement , our board consists of our chief executive officer and six other members appointed by various supporting term lenders . specifically , pursuant to the stockholders agreement , supporting term lenders who hold more than 25 % of the company 's outstanding shares as of the closing of the restructuring are entitled to nominate two directors and supporting term lenders who hold between 10 % and 25 % of the company 's outstanding shares as of the closing of the restructuring are entitled to nominate one director . all appointees or nominees of supporting term lenders , other than any directed appointed or nominated by soter capital llc ( “ soter ” ) , must meet the “ independent director ” requirements set forth in section 303a of the nyse listed company manual . in addition , pursuant to the stockholders agreement , supporting term lenders are entitled to appoint a non-voting board observer subject to specified ownership thresholds . in accordance with the rsa and following the closing of the restructuring , the company distributed to stockholders of record as of february 18 , 2020 the new warrants . the new warrants were issued in two series each with a four-year exercise period . the first series entitles the holders to purchase in the aggregate 1,669,730 newly issued shares of common stock , representing 10 % of the company 's common shares at the closing of the restructuring on an as-exercised basis ( after giving effect to the exercise of all new warrants , but subject to dilution by issuances under the mip ) . the aggregate exercise price of the first series of new warrants is $ 19.23 and was determined based on the aggregate outstanding principal amount of term loans under the prior term loan facility plus accrued interest thereon at the default rate as of the closing of the restructuring . the second series of new warrants entitles the holders to purchase in the aggregate 1,252,297 newly issued shares of common stock , representing 7.5 % of the company 's common shares at the closing of the restructuring on an as-exercised basis ( after giving effect to the exercise of all new warrants , but subject to dilution by issuances under the mip ) . the aggregate strike price of the second series of new warrants is $ 28.85 and was determined based on the product of ( i ) the aggregate outstanding principal amount of term loans under the prior term loan facility plus accrued interest thereon at the default rate as of the closing of the restructuring , multiplied by ( ii ) 1.50. for more information on our new term loan facility and new abl facility entered into in connection with the restructuring , see “ -liquidity and capital resources ” below . story_separator_special_tag segment operating results years ended december 31 , 2019 and 2018 the following table shows operating results for each of our reportable segments for the years ended december 31 , 2019 and 2018 ( in thousands ) : for the year ended december 31 , 2019 replace_table_token_12_th for the year ended december 31 , 2018 replace_table_token_13_th rig services revenues for our rig services segment decreased $ 46.4 million , or 15.6 % , to $ 250.5 million for the year ended december 31 , 2019 , compared to $ 297.0 million for the year ended december 31 , 2018 . the decrease for this segment is primarily due to lower spending from our customers as a result of lower oil prices . these market conditions resulted in reduced customer activity . operating expenses for our rig services segment were $ 234.7 million during the year ended december 31 , 2019 , which represented a decrease of $ 42.7 million , or 15.4 % , compared to $ 277.4 million for the year ended december 31 , 2018 . this decrease is primarily a result of a decrease in employee compensation costs , fuel expense and repair and maintenance expense due to a decrease in activity levels and a decrease in depreciation expense . fishing and rental services revenues for our fishing and rental services segment decreased $ 10.2 million , or 15.7 % , to $ 54.5 million for the year ended december 31 , 2019 , compared to $ 64.7 million for the year ended december 31 , 2018 . the decrease for this segment is primarily due to lower spending from our customers on oil and gas well drilling and completion , as a result of lower oil prices . these market conditions resulted in reduced customer activity . 29 index to financial statements operating expenses for our fishing and rental services segment were $ 62.0 million during the year ended december 31 , 2019 , which represented a decrease of $ 11.4 million , or 15.5 % , compared to $ 73.3 million for the year ended december 31 , 2018 . this decrease is primarily a result of a decrease in employee compensation costs and repair and maintenance expense due to a decrease in activity levels and a decrease in depreciation expense . coiled tubing services revenues for our coiled tubing services segment decreased $ 33.0 million , or 46.5 % , to $ 38.0 million for the year ended december 31 , 2019 , compared to $ 71.0 million for the year ended december 31 , 2018 . the decrease for this segment is primarily due to lower spending from our customers on oil and gas well drilling and completion , as a result of lower oil prices , and the increase in competition . these market conditions resulted in reduced customer activity and a reduction in the price received for our services . operating expenses for our coiled tubing services segment were $ 41.8 million during the year ended december 31 , 2019 , which represented a decrease of $ 24.0 million , or 36.5 % , compared to $ 65.8 million for the year ended december 31 , 2018 . this decrease is primarily a result of a decrease in employee compensation costs , fuel expense and repair and maintenance expense due to a decrease in activity levels . fluid management services revenues for our fluid management services segment decreased $ 18.2 million , or 20.4 % , to $ 70.8 million for the year ended december 31 , 2019 , compared to $ 89.0 million for the year ended december 31 , 2018 . the decrease for this segment is primarily due to lower spending from our customers on oil and gas well drilling and completion , as a result of lower oil prices . these market conditions resulted in reduced customer activity . additionally , in the fourth quarter of 2019 , the company strategically exited a number of non-core and underperforming locations . operating expenses for our fluid management services segment were $ 70.4 million during the year ended december 31 , 2019 , which represented a decrease of $ 27.4 million , or 28.0 % , compared to $ 97.9 million for the year ended december 31 , 2018 . this decrease is primarily a result of a decrease in employee compensation costs , fuel expense and repair and maintenance expense due to a decrease in activity levels and a decrease in depreciation expense . functional support operating expenses for our functional support segment increased $ 6.6 million , or 10.0 % , to $ 72.8 million ( 17.6 % of consolidated revenues ) for the year ended december 31 , 2019 compared to $ 66.2 million ( 12.7 % of consolidated revenues ) for the year ended december 31 , 2018 . the increase is primarily due to increase in legal settlements and professional fee partially offset by lower employee compensation costs due to reduced staffing levels , a decrease in facilities costs and legal settlements . years ended december 31 , 2018 and 2017 the following table shows operating results for each of our reportable segments for the years ended december 31 , 2018 and 2017 ( in thousands ) : for the year ended december 31 , 2018 replace_table_token_14_th 30 index to financial statements for the year ended december 31 , 2017 replace_table_token_15_th rig services revenues for our rig services segment increased $ 48.1 million , or 19.3 % , to $ 297.0 million for the year ended december 31 , 2018 , compared to $ 248.8 million for the year ended december 31 , 2017. the increase for this segment is primarily due to an increase in completion and production spending from our customers as they reacted to improving commodity prices and our ability to increase prices for our services . operating expenses for our rig services segment were $ 277.4 million during the year

cash used in operating activities were $ 29.0 million and $ 1.8 million for the years ended december 31 , 2019 and 2018 , respectively . cash used in operating activities for the years ended december 31 , 2019 and was primarily related to net loss adjusted for noncash items . cash used in investing activities was $ 3.7 million for the year ended december 31 , 2019 , compared to cash provided by investing activities of $ 22.1 million for the ended december 31 , 2018 . cash outflows during these periods consisted of capital expenditures . our capital expenditures are primarily related to the addition of new equipment and the ongoing maintenance of our equipment . cash inflows during these periods consisted of proceeds from sales of fixed assets . cash used in financing activities were $ 2.9 million and $ 2.8 million for the years ended december 31 , 2019 and 2018 , respectively . financing cash outflows during these periods primarily relate to the repayment of long-term debt . the following table summarizes our cash flows for the years ended december 31 , 2019 , 2018 and 2017 ( in thousands ) : replace_table_token_16_th 32 index to financial statements debt service at december 31 , 2019 , our annual maturities on our indebtedness , consisting only of our prior term loan facility at year-end , were as follows ( in thousands ) . subsequent to december 31 , 2019 , the debt in the table below was substantially exchanged for shares of our common stock pursuant to the restructuring : principal payments 2020 $ 2,500 2021 240,625 total $ 243,125 33 index to financial statements new abl facility on march 6 , 2020 , the company and key energy services , llc , as borrowers ( the “ abl borrowers ” ) , entered into amendment no . 3 to the company 's existing abl facility , dated as of december 15 , 2016 ( as amended , the “ new abl facility ” ) with the financial institutions party thereto from time to time as lenders ( the “ abl lenders ” ) and bank of america , n.a. , as administrative agent and collateral agent ( the “ abl agent ” ) for the abl lenders .


 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 used in operating activities were $ 29.0 million and $ 1.8 million for the years ended december 31 , 2019 and 2018 , respectively . cash used in operating activities for the years ended december 31 , 2019 and was primarily related to net loss adjusted for noncash items . cash used in investing activities was $ 3.7 million for the year ended december 31 , 2019 , compared to cash provided by investing activities of $ 22.1 million for the ended december 31 , 2018 . cash outflows during these periods consisted of capital expenditures . our capital expenditures are primarily related to the addition of new equipment and the ongoing maintenance of our equipment . cash inflows during these periods consisted of proceeds from sales of fixed assets . cash used in financing activities were $ 2.9 million and $ 2.8 million for the years ended december 31 , 2019 and 2018 , respectively . financing cash outflows during these periods primarily relate to the repayment of long-term debt . the following table summarizes our cash flows for the years ended december 31 , 2019 , 2018 and 2017 ( in thousands ) : replace_table_token_16_th 32 index to financial statements debt service at december 31 , 2019 , our annual maturities on our indebtedness , consisting only of our prior term loan facility at year-end , were as follows ( in thousands ) . subsequent to december 31 , 2019 , the debt in the table below was substantially exchanged for shares of our common stock pursuant to the restructuring : principal payments 2020 $ 2,500 2021 240,625 total $ 243,125 33 index to financial statements new abl facility on march 6 , 2020 , the company and key energy services , llc , as borrowers ( the “ abl borrowers ” ) , entered into amendment no . 3 to the company 's existing abl facility , dated as of december 15 , 2016 ( as amended , the “ new abl facility ” ) with the financial institutions party thereto from time to time as lenders ( the “ abl lenders ” ) and bank of america , n.a. , as administrative agent and collateral agent ( the “ abl agent ” ) for the abl lenders .
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 Suspicious Activity Report : pursuant to or in connection with the rsa and the restructuring contemplated thereby , among other things we effected the following transactions and changes to our capital structure and governance : immediately prior to the closing of the restructuring , we completed a 1-for-50 reverse stock split of our outstanding common stock as a result of which our issued and outstanding common stock decreased from 20,659,654 to 413,258 shares ; accordingly , all share and per share information contained in this report has been restated to retroactively show the effect of this stock split ; pursuant to exchange agreements entered into at the closing of the restructuring , we then exchanged approximately $ 241.9 million aggregate outstanding principal of our term loans ( together with accrued interest thereon ) held by supporting term lenders under our prior term loan facility into ( i ) 13,362,009 newly issued shares of common stock representing 97 % of the company 's outstanding shares after giving effect to such issuance ( and without giving effect to dilution by the new warrants and mip ( each as defined below ) ) and ( ii ) $ 20 million of term loans under our new $ 51.2 million term loan facility ( the “ new term loan facility ” ) , each on a pro rata basis based on their holdings of term loans under the prior term loan facility ; distributed to our common stockholders of record as of february 18 , 2020 two series of warrants ( the “ new warrants ” ) ; 22 index to financial statements entered into the $ 51.2 million new term loan facility , of which ( i ) $ 30 million was funded at closing of the restructuring with new cash proceeds from the supporting term lenders and $ 20 million was issued in exchange for term loans held by the supporting term lenders under the prior term loan facility as described above and ( ii ) an approximate $ 1.2 million was a senior secured term loan tranche in respect of term loans held by lenders under the prior term loan facility who were not supporting term lenders ; entered into the new abl facility ( as defined below ) ; adopted a new management incentive plan ( the “ mip ” ) representing up to 9 % of the company 's outstanding shares after giving effect to the issuance of shares described above ; and made certain changes to the company 's governance , including changes to our board of directors ( the “ board ” ) , amendments to our governing documents and entry into the stockholders agreement ( as defined below ) with the supporting term lenders . in accordance with the rsa at the closing of the restructuring , the company amended and restated its certificate of incorporation and entered into a stockholders agreement ( the “ stockholders agreement ” ) with the supporting term lenders in order to , among other things , provide for a board of seven members . pursuant to the stockholders agreement , our board consists of our chief executive officer and six other members appointed by various supporting term lenders . specifically , pursuant to the stockholders agreement , supporting term lenders who hold more than 25 % of the company 's outstanding shares as of the closing of the restructuring are entitled to nominate two directors and supporting term lenders who hold between 10 % and 25 % of the company 's outstanding shares as of the closing of the restructuring are entitled to nominate one director . all appointees or nominees of supporting term lenders , other than any directed appointed or nominated by soter capital llc ( “ soter ” ) , must meet the “ independent director ” requirements set forth in section 303a of the nyse listed company manual . in addition , pursuant to the stockholders agreement , supporting term lenders are entitled to appoint a non-voting board observer subject to specified ownership thresholds . in accordance with the rsa and following the closing of the restructuring , the company distributed to stockholders of record as of february 18 , 2020 the new warrants . the new warrants were issued in two series each with a four-year exercise period . the first series entitles the holders to purchase in the aggregate 1,669,730 newly issued shares of common stock , representing 10 % of the company 's common shares at the closing of the restructuring on an as-exercised basis ( after giving effect to the exercise of all new warrants , but subject to dilution by issuances under the mip ) . the aggregate exercise price of the first series of new warrants is $ 19.23 and was determined based on the aggregate outstanding principal amount of term loans under the prior term loan facility plus accrued interest thereon at the default rate as of the closing of the restructuring . the second series of new warrants entitles the holders to purchase in the aggregate 1,252,297 newly issued shares of common stock , representing 7.5 % of the company 's common shares at the closing of the restructuring on an as-exercised basis ( after giving effect to the exercise of all new warrants , but subject to dilution by issuances under the mip ) . the aggregate strike price of the second series of new warrants is $ 28.85 and was determined based on the product of ( i ) the aggregate outstanding principal amount of term loans under the prior term loan facility plus accrued interest thereon at the default rate as of the closing of the restructuring , multiplied by ( ii ) 1.50. for more information on our new term loan facility and new abl facility entered into in connection with the restructuring , see “ -liquidity and capital resources ” below . story_separator_special_tag segment operating results years ended december 31 , 2019 and 2018 the following table shows operating results for each of our reportable segments for the years ended december 31 , 2019 and 2018 ( in thousands ) : for the year ended december 31 , 2019 replace_table_token_12_th for the year ended december 31 , 2018 replace_table_token_13_th rig services revenues for our rig services segment decreased $ 46.4 million , or 15.6 % , to $ 250.5 million for the year ended december 31 , 2019 , compared to $ 297.0 million for the year ended december 31 , 2018 . the decrease for this segment is primarily due to lower spending from our customers as a result of lower oil prices . these market conditions resulted in reduced customer activity . operating expenses for our rig services segment were $ 234.7 million during the year ended december 31 , 2019 , which represented a decrease of $ 42.7 million , or 15.4 % , compared to $ 277.4 million for the year ended december 31 , 2018 . this decrease is primarily a result of a decrease in employee compensation costs , fuel expense and repair and maintenance expense due to a decrease in activity levels and a decrease in depreciation expense . fishing and rental services revenues for our fishing and rental services segment decreased $ 10.2 million , or 15.7 % , to $ 54.5 million for the year ended december 31 , 2019 , compared to $ 64.7 million for the year ended december 31 , 2018 . the decrease for this segment is primarily due to lower spending from our customers on oil and gas well drilling and completion , as a result of lower oil prices . these market conditions resulted in reduced customer activity . 29 index to financial statements operating expenses for our fishing and rental services segment were $ 62.0 million during the year ended december 31 , 2019 , which represented a decrease of $ 11.4 million , or 15.5 % , compared to $ 73.3 million for the year ended december 31 , 2018 . this decrease is primarily a result of a decrease in employee compensation costs and repair and maintenance expense due to a decrease in activity levels and a decrease in depreciation expense . coiled tubing services revenues for our coiled tubing services segment decreased $ 33.0 million , or 46.5 % , to $ 38.0 million for the year ended december 31 , 2019 , compared to $ 71.0 million for the year ended december 31 , 2018 . the decrease for this segment is primarily due to lower spending from our customers on oil and gas well drilling and completion , as a result of lower oil prices , and the increase in competition . these market conditions resulted in reduced customer activity and a reduction in the price received for our services . operating expenses for our coiled tubing services segment were $ 41.8 million during the year ended december 31 , 2019 , which represented a decrease of $ 24.0 million , or 36.5 % , compared to $ 65.8 million for the year ended december 31 , 2018 . this decrease is primarily a result of a decrease in employee compensation costs , fuel expense and repair and maintenance expense due to a decrease in activity levels . fluid management services revenues for our fluid management services segment decreased $ 18.2 million , or 20.4 % , to $ 70.8 million for the year ended december 31 , 2019 , compared to $ 89.0 million for the year ended december 31 , 2018 . the decrease for this segment is primarily due to lower spending from our customers on oil and gas well drilling and completion , as a result of lower oil prices . these market conditions resulted in reduced customer activity . additionally , in the fourth quarter of 2019 , the company strategically exited a number of non-core and underperforming locations . operating expenses for our fluid management services segment were $ 70.4 million during the year ended december 31 , 2019 , which represented a decrease of $ 27.4 million , or 28.0 % , compared to $ 97.9 million for the year ended december 31 , 2018 . this decrease is primarily a result of a decrease in employee compensation costs , fuel expense and repair and maintenance expense due to a decrease in activity levels and a decrease in depreciation expense . functional support operating expenses for our functional support segment increased $ 6.6 million , or 10.0 % , to $ 72.8 million ( 17.6 % of consolidated revenues ) for the year ended december 31 , 2019 compared to $ 66.2 million ( 12.7 % of consolidated revenues ) for the year ended december 31 , 2018 . the increase is primarily due to increase in legal settlements and professional fee partially offset by lower employee compensation costs due to reduced staffing levels , a decrease in facilities costs and legal settlements . years ended december 31 , 2018 and 2017 the following table shows operating results for each of our reportable segments for the years ended december 31 , 2018 and 2017 ( in thousands ) : for the year ended december 31 , 2018 replace_table_token_14_th 30 index to financial statements for the year ended december 31 , 2017 replace_table_token_15_th rig services revenues for our rig services segment increased $ 48.1 million , or 19.3 % , to $ 297.0 million for the year ended december 31 , 2018 , compared to $ 248.8 million for the year ended december 31 , 2017. the increase for this segment is primarily due to an increase in completion and production spending from our customers as they reacted to improving commodity prices and our ability to increase prices for our services . operating expenses for our rig services segment were $ 277.4 million during the year

