overview the following discussion and analysis of our financial results , as well as the accompanying unaudited consolidated financial statements and related notes to consolidated financial statements to which they refer , are the responsibility of our management . our accounting and financial reporting fairly reflect our business model which is based on the manufacturing and marketing of specialty petrochemicals products and waxes and providing custom manufacturing services . our preferred supplier position in the specialty petrochemicals market is derived from the combination of our reputation as a reliable supplier established over many years , the very high purity of our products , and a focused approach to customer service . in specialty waxes , we are able to deliver to our customers a performance and price point that is unique to our market ; while the diversity of our custom processing assets and capabilities offers solutions to our customers that we believe are uncommon along the u.s. gulf coast . enabling our success in these businesses is a commitment to operational excellence which establishes a culture that prioritizes the safety of our employees and communities in which we operate , the integrity of our assets and regulatory compliance . this commitment drives a change to an emphasis on forward-looking , leading-indicators of our results and proactive steps to continuously improve our performance . we bring the same commitment to excellence to our commercial activities where we focus on the value proposition to our customers while understanding opportunities to maximize our value capture through service and product differentiation , supply chain and operating cost efficiencies and diversified supply options . we believe over time our focus on execution , meeting the needs of our customers and the prudent control of our costs will create value for our stockholders . business environment and risk assessment we believe we are well-positioned to participate in the us chemical industry growth driven by new investments and overall economic growth . while petrochemical prices are volatile on a short-term basis and depend on the demand of our customers ' products , our investment decisions are based on our long-term business outlook using a disciplined approach in selecting and pursuing the most attractive investment opportunities . specialty petrochemicals operations shr 's specialty petrochemicals sales decreased in 2019 compared to 2018. product sales revenue decreased 9.9 % driven by volume decline of 5.4 % and lower 2019 product prices compared to 2018 primarily due to lower feedstock costs . during 2019 shr continued to emphasize our competitive advantages achieved through our high quality products and outstanding customer service and responsiveness . we also made major strides in improving plant reliability and safety . during 2019 feedstock costs were approximately 20 % lower than 2018 reflecting lower crude oil prices . approximately 68 % of our prime products are sold under formula pricing whereby feedstock costs are passed along to the customer typically with a one month lag . thus , when feedstock prices start falling , we experience higher margins as formula pricing lags feedstock costs . during most of 2019 prime products margins were assisted due to falling feedstock costs and reduced competitive pricing pressure on prime products sales that are based on non-formula pricing . our by-product margins improved significantly compared to 2018 as shr benefited from a full year of reliable operation of the advanced reformer unit which upgrades by-products to higher value products . on october 29 , 2019 , a severe weather event at the silsbee plant caused significant damage to one of the feedstock storage tanks . the damaged tank leaked hydrocarbon product into the tank containment area . spill cleanup was completed promptly and the tank has been taken out of service . the total cost of the cleanup and lost product was approximately $ 2 million and will be substantially covered by insurance . some insurance proceeds were received in december 2019 and we expect the remaining proceeds to be received in 2020 . 24 specialty waxes operations sales revenues for our specialty waxes business decreased approximately 9.1 % in 2019 from 2018 as we had lower wax product revenues and lower custom processing revenues . the decline in revenues was primarily due to operational issues at our pasadena , texas facility as well as wax feed supply constraints from our suppliers . most specialty wax markets are mature . key applications for our specialty polyethylene waxes are in hot melt adhesives ( `` hma `` ) , plastic processing , pvc lubricants and inks , paints and coatings , where they act as surface or rheology modifiers . the hma market is expected to grow at a higher rate than gdp growth due to growth in the developing markets and increases in packaging requirements due to changes in consumer purchasing ( shift to home deliveries via the internet ) in developed economies . road marking paints are also expected to grow at rates exceeding gdp growth based upon an expectation that there will be infrastructure investment in the u.s. the pvc market is expected to grow at gdp rates ; however , we expect to get more traction out of our products within this market with acceptance of our new pvc grade waxes . the global wax market is benefiting from the reduction of paraffin wax availability from large refiners as they move toward more hydrocracking and hydroisomerization to produce group iii lube oils and distillate . restructuring and severance impact during 2018 , the company incurred restructuring and severance expenses of $ 2.3 million which were included in general and administrative expenses . story_separator_special_tag in addition , the company elected the practical expedients related to ( 1 ) certain classes of underlying asset to not separate non-lease components from lease components and ( 2 ) the short-term lease recognition exemption for all leases that qualify . the adoption of asc 842 on january 1 , 2019 resulted in the recognition of right-of-use assets of approximately $ 17.0 million and lease liabilities for operating leases of approximately $ 17.0 million on its consolidated balance sheets , with no material impact to retained earnings or consolidated statements of operations . see note 9 to the consolidated financial statements for further information regarding the impact of the adoption of asc 842 on the company 's consolidated financial statements . in january 2017 , the fasb issued asu no . 2017-04 , intangibles - goodwill and other ( topic 350 ) . the amendments simplify the measurement of goodwill by eliminating step 2 from the goodwill impairment test . instead , under these amendments , an entity should perform its annual , or interim , goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount . an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit 's fair value ; however , the loss should not exceed the total amount of goodwill allocated to that reporting unit . the amendments are effective for public business entities for the first interim and annual reporting periods beginning after december 15 , 2019. early adoption was permitted for interim or annual goodwill impairment tests performed on testing dates after january 1 , 2017. the amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and , if it fails that qualitative test , to perform step 2 of the goodwill impairment test . an entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary . the company elected to early adopt this asu on january 1 , 2019. see note 10 to the consolidated financial statements for a discussion of the results of our goodwill impairment testing . in june 2018 , the fasb issued asu no . 2018-07 , improvements to nonemployee share-based payment accounting . asu 2018-07 simplifies the accounting for share-based payments to nonemployees by aligning it with the accounting for share- 32 based payments to employees , with certain exceptions . the company adopted this asu on january 1 , 2019 and it did not have a material effect on the company 's consolidated financial statements . recent accounting pronouncements in august 2018 , the fasb issued asu no . 2018-13 , fair value measurement ( topic 820 ) - disclosure framework - changes to the disclosure requirements for fair value measurement , which is designed to improve the effectiveness of disclosures by removing , modifying and adding disclosures related to fair value measurements . asu no . 2018-13 is effective for fiscal years beginning after december 15 , 2019 , including interim periods within those fiscal years , and the asu allows for early adoption in any interim period after issuance of the update . the adoption of this asu is not expected to have a significant impact on the company 's consolidated financial statements . in june 2016 , the fasb issued asu no . 2016-13 , financial instruments - credit losses ( topic 326 ) , to require the measurement of expected credit losses for financial instruments held at the reporting date based on historical experience , current conditions and reasonable forecasts and applies to all financial assets , including trade receivables . the main objective of this asu is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date . asu no . 2016-13 is effective for fiscal years beginning after december 15 , 2019 , including interim periods within those fiscal years , and the asu allows for early adoption as of the beginning of an interim or annual reporting period beginning after december 15 , 2018. the company is currently assessing the impact this asu will have on its consolidated financial statements . in december 2019 , the fasb issued asu no . 2019-12 , income taxes ( topic 740 ) - simplifying the accounting for income taxes . the amendments in this update simplify the accounting for income taxes by removing certain exceptions and clarifying certain requirements regarding franchise taxes , goodwill , consolidated tax expenses , and annual effective tax rate calculations . the asu is effective for fiscal years beginning after december 15 , 2020 , and early adoption is permitted . the company is currently assessing the impact of this asu will have on its consolidated financial statements . critical accounting policies our consolidated financial statements are based on the selection and application of significant accounting policies . the preparation of consolidated financial statements in conformity with gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of net sales , expenses and allocated charges during the reported period . actual results could differ from those estimates . however , we are not currently aware of any reasonably likely events or circumstances that would result in materially different results . we believe the following accounting policies and estimates are critical to understanding the financial reporting risks present currently . these matters , and the judgments and uncertainties affecting them , are essential to understanding our reported results . see note 2 to the consolidated financial statements for further information . discontinued operations assets that are sold or classified as held for sale are classified as discontinued operations provided that the disposal represents a strategic shift

cash and cash equivalents decreased $ 0.6 million during the year ended december 31 , 2019 . the change in cash and cash equivalents is summarized as follows : replace_table_token_10_th 25 operating activities operating activities generated cash of $ 25.1 million during fiscal 2019 as compared with $ 19.9 million of cash provided during fiscal 2018 . net loss increased by $ 12.4 million while cash provided by operations increased by $ 5.2 million from 2018 to 2019 due primarily to the following factors : net loss for 2019 included a non-cash impairment charge for goodwill and certain intangible assets of $ 24.2 million ; and trade receivables increased $ 0.8 million in 2019 as compared to a decrease of $ 1.5 million in 2018. these significant sources of cash were partially offset by the following decreases in cash provided by operations : accounts payable and accrued liabilities decreased $ 4.9 million in 2019 ( primarily due to payoff of catalyst purchased at the end of 2018 ) as compared to an increase of $ 2.2 million in 2018 ( also primarily due to catalyst purchases ) ; income taxes receivable were flat in 2019 , as compared to a decrease of $ 5.4 million in 2018 ( primarily due to collection of federal and state research and development credits , carryback claims , and refunds of tax payments on deposit ) ; and net loss for 2019 included non-cash deferred income tax liability of $ 3.0 million as compared to non-cash deferred income tax liability of $ 1.4 million in 2018. operating activities generated cash of $ 19.9 million during fiscal 2018 as compared with $ 30.8 million of cash provided during fiscal 2017. net income decreased by $ 20.3 million and cash provided by operations decreased by $ 10.9 million from 2017 to 2018 due primarily to the following factors : net loss for 2018 included a non-cash depreciation and amortization charge of $ 14.4 million as compared to 2017 which included a non-cash depreciation and amortization charge of $ 11.0 million ; net loss for 2018 included non-cash deferred income tax liability of $ 1.6 million as compared to non-cash deferred income


 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 and cash equivalents decreased $ 0.6 million during the year ended december 31 , 2019 . the change in cash and cash equivalents is summarized as follows : replace_table_token_10_th 25 operating activities operating activities generated cash of $ 25.1 million during fiscal 2019 as compared with $ 19.9 million of cash provided during fiscal 2018 . net loss increased by $ 12.4 million while cash provided by operations increased by $ 5.2 million from 2018 to 2019 due primarily to the following factors : net loss for 2019 included a non-cash impairment charge for goodwill and certain intangible assets of $ 24.2 million ; and trade receivables increased $ 0.8 million in 2019 as compared to a decrease of $ 1.5 million in 2018. these significant sources of cash were partially offset by the following decreases in cash provided by operations : accounts payable and accrued liabilities decreased $ 4.9 million in 2019 ( primarily due to payoff of catalyst purchased at the end of 2018 ) as compared to an increase of $ 2.2 million in 2018 ( also primarily due to catalyst purchases ) ; income taxes receivable were flat in 2019 , as compared to a decrease of $ 5.4 million in 2018 ( primarily due to collection of federal and state research and development credits , carryback claims , and refunds of tax payments on deposit ) ; and net loss for 2019 included non-cash deferred income tax liability of $ 3.0 million as compared to non-cash deferred income tax liability of $ 1.4 million in 2018. operating activities generated cash of $ 19.9 million during fiscal 2018 as compared with $ 30.8 million of cash provided during fiscal 2017. net income decreased by $ 20.3 million and cash provided by operations decreased by $ 10.9 million from 2017 to 2018 due primarily to the following factors : net loss for 2018 included a non-cash depreciation and amortization charge of $ 14.4 million as compared to 2017 which included a non-cash depreciation and amortization charge of $ 11.0 million ; net loss for 2018 included non-cash deferred income tax liability of $ 1.6 million as compared to non-cash deferred income
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 Suspicious Activity Report : overview the following discussion and analysis of our financial results , as well as the accompanying unaudited consolidated financial statements and related notes to consolidated financial statements to which they refer , are the responsibility of our management . our accounting and financial reporting fairly reflect our business model which is based on the manufacturing and marketing of specialty petrochemicals products and waxes and providing custom manufacturing services . our preferred supplier position in the specialty petrochemicals market is derived from the combination of our reputation as a reliable supplier established over many years , the very high purity of our products , and a focused approach to customer service . in specialty waxes , we are able to deliver to our customers a performance and price point that is unique to our market ; while the diversity of our custom processing assets and capabilities offers solutions to our customers that we believe are uncommon along the u.s. gulf coast . enabling our success in these businesses is a commitment to operational excellence which establishes a culture that prioritizes the safety of our employees and communities in which we operate , the integrity of our assets and regulatory compliance . this commitment drives a change to an emphasis on forward-looking , leading-indicators of our results and proactive steps to continuously improve our performance . we bring the same commitment to excellence to our commercial activities where we focus on the value proposition to our customers while understanding opportunities to maximize our value capture through service and product differentiation , supply chain and operating cost efficiencies and diversified supply options . we believe over time our focus on execution , meeting the needs of our customers and the prudent control of our costs will create value for our stockholders . business environment and risk assessment we believe we are well-positioned to participate in the us chemical industry growth driven by new investments and overall economic growth . while petrochemical prices are volatile on a short-term basis and depend on the demand of our customers ' products , our investment decisions are based on our long-term business outlook using a disciplined approach in selecting and pursuing the most attractive investment opportunities . specialty petrochemicals operations shr 's specialty petrochemicals sales decreased in 2019 compared to 2018. product sales revenue decreased 9.9 % driven by volume decline of 5.4 % and lower 2019 product prices compared to 2018 primarily due to lower feedstock costs . during 2019 shr continued to emphasize our competitive advantages achieved through our high quality products and outstanding customer service and responsiveness . we also made major strides in improving plant reliability and safety . during 2019 feedstock costs were approximately 20 % lower than 2018 reflecting lower crude oil prices . approximately 68 % of our prime products are sold under formula pricing whereby feedstock costs are passed along to the customer typically with a one month lag . thus , when feedstock prices start falling , we experience higher margins as formula pricing lags feedstock costs . during most of 2019 prime products margins were assisted due to falling feedstock costs and reduced competitive pricing pressure on prime products sales that are based on non-formula pricing . our by-product margins improved significantly compared to 2018 as shr benefited from a full year of reliable operation of the advanced reformer unit which upgrades by-products to higher value products . on october 29 , 2019 , a severe weather event at the silsbee plant caused significant damage to one of the feedstock storage tanks . the damaged tank leaked hydrocarbon product into the tank containment area . spill cleanup was completed promptly and the tank has been taken out of service . the total cost of the cleanup and lost product was approximately $ 2 million and will be substantially covered by insurance . some insurance proceeds were received in december 2019 and we expect the remaining proceeds to be received in 2020 . 24 specialty waxes operations sales revenues for our specialty waxes business decreased approximately 9.1 % in 2019 from 2018 as we had lower wax product revenues and lower custom processing revenues . the decline in revenues was primarily due to operational issues at our pasadena , texas facility as well as wax feed supply constraints from our suppliers . most specialty wax markets are mature . key applications for our specialty polyethylene waxes are in hot melt adhesives ( `` hma `` ) , plastic processing , pvc lubricants and inks , paints and coatings , where they act as surface or rheology modifiers . the hma market is expected to grow at a higher rate than gdp growth due to growth in the developing markets and increases in packaging requirements due to changes in consumer purchasing ( shift to home deliveries via the internet ) in developed economies . road marking paints are also expected to grow at rates exceeding gdp growth based upon an expectation that there will be infrastructure investment in the u.s. the pvc market is expected to grow at gdp rates ; however , we expect to get more traction out of our products within this market with acceptance of our new pvc grade waxes . the global wax market is benefiting from the reduction of paraffin wax availability from large refiners as they move toward more hydrocracking and hydroisomerization to produce group iii lube oils and distillate . restructuring and severance impact during 2018 , the company incurred restructuring and severance expenses of $ 2.3 million which were included in general and administrative expenses . story_separator_special_tag in addition , the company elected the practical expedients related to ( 1 ) certain classes of underlying asset to not separate non-lease components from lease components and ( 2 ) the short-term lease recognition exemption for all leases that qualify . the adoption of asc 842 on january 1 , 2019 resulted in the recognition of right-of-use assets of approximately $ 17.0 million and lease liabilities for operating leases of approximately $ 17.0 million on its consolidated balance sheets , with no material impact to retained earnings or consolidated statements of operations . see note 9 to the consolidated financial statements for further information regarding the impact of the adoption of asc 842 on the company 's consolidated financial statements . in january 2017 , the fasb issued asu no . 2017-04 , intangibles - goodwill and other ( topic 350 ) . the amendments simplify the measurement of goodwill by eliminating step 2 from the goodwill impairment test . instead , under these amendments , an entity should perform its annual , or interim , goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount . an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit 's fair value ; however , the loss should not exceed the total amount of goodwill allocated to that reporting unit . the amendments are effective for public business entities for the first interim and annual reporting periods beginning after december 15 , 2019. early adoption was permitted for interim or annual goodwill impairment tests performed on testing dates after january 1 , 2017. the amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and , if it fails that qualitative test , to perform step 2 of the goodwill impairment test . an entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary . the company elected to early adopt this asu on january 1 , 2019. see note 10 to the consolidated financial statements for a discussion of the results of our goodwill impairment testing . in june 2018 , the fasb issued asu no . 2018-07 , improvements to nonemployee share-based payment accounting . asu 2018-07 simplifies the accounting for share-based payments to nonemployees by aligning it with the accounting for share- 32 based payments to employees , with certain exceptions . the company adopted this asu on january 1 , 2019 and it did not have a material effect on the company 's consolidated financial statements . recent accounting pronouncements in august 2018 , the fasb issued asu no . 2018-13 , fair value measurement ( topic 820 ) - disclosure framework - changes to the disclosure requirements for fair value measurement , which is designed to improve the effectiveness of disclosures by removing , modifying and adding disclosures related to fair value measurements . asu no . 2018-13 is effective for fiscal years beginning after december 15 , 2019 , including interim periods within those fiscal years , and the asu allows for early adoption in any interim period after issuance of the update . the adoption of this asu is not expected to have a significant impact on the company 's consolidated financial statements . in june 2016 , the fasb issued asu no . 2016-13 , financial instruments - credit losses ( topic 326 ) , to require the measurement of expected credit losses for financial instruments held at the reporting date based on historical experience , current conditions and reasonable forecasts and applies to all financial assets , including trade receivables . the main objective of this asu is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date . asu no . 2016-13 is effective for fiscal years beginning after december 15 , 2019 , including interim periods within those fiscal years , and the asu allows for early adoption as of the beginning of an interim or annual reporting period beginning after december 15 , 2018. the company is currently assessing the impact this asu will have on its consolidated financial statements . in december 2019 , the fasb issued asu no . 2019-12 , income taxes ( topic 740 ) - simplifying the accounting for income taxes . the amendments in this update simplify the accounting for income taxes by removing certain exceptions and clarifying certain requirements regarding franchise taxes , goodwill , consolidated tax expenses , and annual effective tax rate calculations . the asu is effective for fiscal years beginning after december 15 , 2020 , and early adoption is permitted . the company is currently assessing the impact of this asu will have on its consolidated financial statements . critical accounting policies our consolidated financial statements are based on the selection and application of significant accounting policies . the preparation of consolidated financial statements in conformity with gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of net sales , expenses and allocated charges during the reported period . actual results could differ from those estimates . however , we are not currently aware of any reasonably likely events or circumstances that would result in materially different results . we believe the following accounting policies and estimates are critical to understanding the financial reporting risks present currently . these matters , and the judgments and uncertainties affecting them , are essential to understanding our reported results . see note 2 to the consolidated financial statements for further information . discontinued operations assets that are sold or classified as held for sale are classified as discontinued operations provided that the disposal represents a strategic shift

