the regulations have affected and are expected to continue to affect our clients ' businesses and marketing practices , including an overall decrease in our clients ' external marketing expenditures and a related decrease in our revenues from this client vertical . the effect of these regulations may continue to result in fluctuations in the volume and mix of our business with these clients . in our financial services client vertical , prices are largely determined by bidding . in fiscal year 2012 , we have seen pricing that we receive from clients stabilize . throughout the year , our revenue has declined primarily due to volume declines caused by losses of traffic from third-party publishers resulting from acquisitions of media sources by competitors , changes in a search engine 's algorithms which reduced or eliminated traffic from some third-party publishers , and increased competition for quality media . acquisitions acquisitions in fiscal year 2012 in february 2012 , we acquired certain assets of ziff davis enterprise from enterprise media group , inc. , a new york-based online media and marketing company in the business-to-business technology market , in exchange for $ 17.3 million in cash , to broaden our registered user database and brand name in the business-to-business technology market . in august 2011 , we acquired 100 % of the outstanding equity interests of narrowcast group , llc , or it businessedge , a kentucky-based internet media company in the business-to-business technology market , in exchange for $ 24.0 million in cash , to broaden our registered user database and media access in the business-to-business technology market . during fiscal year 2012 , in addition to certain assets of ziff davis enterprise and all of the equity interests of it businessedge , we acquired eleven other online publishing businesses . acquisitions in fiscal year 2011 in november 2010 , we acquired 100 % of the outstanding shares of car insurance.com , inc. , or carinsurance.com , a florida-based online insurance business , and certain of its affiliated companies , in exchange for $ 49.7 million in cash , for its capacity to generate online visitors in the financial services market . in july 2010 , we acquired the website business insurance.com from insurance.com group , inc. , an ohio-based online insurance business , in exchange for $ 33.0 million in cash and the issuance of a $ 2.6 million non-interest-bearing , unsecured promissory note , for its capacity to generate online visitors in the financial services market . during fiscal year 2011 , in addition to the acquisitions of carinsurance.com and insurance.com , we acquired 13 other online publishing businesses . acquisitions in fiscal year 2010 in november 2009 , we acquired the website business internet.com , a division of webmediabrands , inc. , or internet.com , a new york-based internet media company , in exchange for $ 15.9 million in cash and the issuance of a $ 1.7 million non-interest-bearing , unsecured promissory note , to broaden our media access and client base in the business-to-business technology market . in october 2009 , we acquired the website business insure.com from 40 life quotes , inc. , or insure.com , an illinois-based online insurance quote service and brokerage business , in exchange for $ 15.0 million in cash and the issuance of a $ 1.0 million non-interest-bearing , unsecured promissory note , for its capacity to generate online visitors in the financial services market . during fiscal year 2010 , in addition to the acquisitions of internet.com and insure.com , we acquired 31 other online publishing businesses . our acquisition strategy may result in significant fluctuations in our available working capital from period to period and over the years . we may use cash , stock or promissory notes to acquire various businesses or technologies , and we can not accurately predict the timing of those acquisitions or the impact on our cash flows and balance sheet . large acquisitions or multiple acquisitions within a particular period may significantly affect our financial results for that period . we may utilize debt financing to make acquisitions , which could give rise to higher interest expense and more restrictive operating covenants . we may also utilize our stock as consideration , which could result in substantial dilution . development , retention and acquisition of targeted media one of the primary challenges of our business is finding , retaining and developing media that is targeted enough to attract prospects for our clients at costs that work for our business model . in order to grow our business , we must be able to continue to find , develop and retain quality targeted media on a cost-effective basis . our inability to find , develop and retain high quality targeted media has limited , during some periods , and may continue to limit our growth . seasonality our results are subject to significant fluctuation as a result of seasonality . in particular , our quarters ending december 31 ( our second fiscal quarter ) typically demonstrate seasonal weakness . in our second fiscal quarters , there is lower availability of cost effective media during the holiday period and some of our clients request fewer leads due to holiday staffing . in our quarters ending march 31 ( our third fiscal quarter ) , this trend generally reverses with better lead availability and often new budgets at the beginning of the year for our clients with fiscal years ending december 31. basis of presentation general we operate in two segments : dms and dss . for further discussion and financial information about our reporting segments , see note 14 to our consolidated financial statements . net revenue dms . our dms business generates revenue from fees earned through the delivery of qualified leads , clicks and , to a lesser extent , display advertisements , or impressions . story_separator_special_tag we seek to manage our business to a consistent level of adjusted ebitda as a percentage of net revenue . we do so on a fiscal year basis by varying our operations to balance revenue growth and costs throughout the fiscal year . we do not seek to manage our business to a consistent level of adjusted ebitda on a quarterly basis and investors should expect our adjusted ebitda margins to vary from quarter to quarter . liquidity and capital resources our principal sources of liquidity as of june 30 , 2012 consisted of cash and cash equivalents of $ 68.5 million , short-term marketable securities of $ 36.7 million , cash we expect to generate from operations , and our $ 200.0 million revolving credit facility , which is committed until november 2016 , all of which is available to be drawn , subject to compliance with applicable covenants . our cash and cash equivalents are maintained in highly liquid investments with remaining maturities of 90 days or less at the time of purchase . we believe our cash equivalents are liquid and accessible . in november 2011 , we replaced our existing $ 225.0 million credit facility with a new credit facility that expanded our overall borrowing capacity by $ 75.0 million to $ 300.0 million , consisting of a $ 100.0 million term loan and a $ 200.0 million revolving credit facility . additionally , in november 2011 , our board of directors authorized a stock repurchase program allowing us to repurchase up to $ 50.0 million , excluding broker commissions , of our outstanding shares of common stock . through june 30 , 2012 , we have repurchased an aggregate of 4.8 million shares of our common stock for an aggregate of $ 45.0 million . as of june 30 , 2012 , the remaining amount available for the repurchase of our common stock under this program was $ 5.0 million , all of which was used for repurchases in july 2012. additionally , in august 2011 , we acquired 100 % of the outstanding equity interests of narrowcast group , llc , or it businessedge , a kentucky-based internet media company in the business-to-business technology market , in exchange for $ 24.0 million in cash . in february 2012 , we acquired certain assets of ziff davis enterprise from enterprise media group , inc. , a new york-based online media and marketing company in the business-to-business technology market , for $ 17.3 million in cash . our short-term and long-term liquidity requirements primarily arise from our working capital requirements , acquisitions from time to time and share repurchases . our primary operating cash requirements include the payment of media costs , personnel costs , costs of information technology systems and office facilities . our 48 ability to fund these requirements will depend on our future cash flows , which are determined by future operating performance and are , therefore , subject to prevailing global macroeconomic conditions and financial , business and other factors , some of which are beyond our control , and also our ability to access our credit facility . we believe that our existing cash , cash equivalents , short-term marketable securities , cash generated from operations and our available borrowings under the credit facility will be sufficient to satisfy our currently anticipated cash requirements through at least the next 12 months . our ability to service any indebtedness we have incurred or may incur , including under our current credit facility , will depend on our ability to generate cash in the future . in addition , even though we may not need additional funds , we may still elect to obtain additional debt or equity securities or draw down on or increase our borrowing capacity under our current credit facility for other reasons . replace_table_token_16_th net cash provided by operating activities our net cash provided by operating activities is primarily the result of our net income adjusted for non-cash expenses such as depreciation and amortization , stock-based compensation expense and changes in working capital components , and is influenced by the timing of cash collections from our clients and cash payments for purchases of media and other expenses . net cash provided by operating activities in fiscal year 2012 was due to net income of $ 13.0 million , non-cash depreciation , amortization , stock-based compensation expense and related tax benefits of $ 46.0 million , a decrease in other noncurrent assets comprised primarily of deferred taxes of $ 2.8 million , partially offset by an increase in prepaid expenses and other assets of $ 2.6 million , an increase in accounts receivable of $ 2.0 million and a decrease in accounts payable and accrued liabilities of $ 7.8 million . the decrease in accounts payable and accrued liabilities is due to timing of payments and decreased cost of revenue associated with decreased revenue . the increase in prepaid expenses and other assets is primarily due to timing of payments . the increase in accounts receivable is attributable to timing of receipts . the decrease in deferred taxes is due to larger temporary differences between the financial statement carrying amount and the tax basis of certain existing assets and liabilities . net cash provided by operating activities in fiscal year 2011 was due to net income of $ 27.2 million , non-cash depreciation , amortization , stock-based compensation expense and related tax benefits of $ 33.8 million , an increase in accounts payable and accrued liabilities of $ 8.9 million , a decrease in prepaid expenses and other assets of $ 5.1 million and a decrease in accounts receivable of $ 3.9 million , partially offset by an increase in other noncurrent assets comprised primarily of deferred taxes of $ 3.3 million . the increase in accounts payable and accrued liabilities is due to timing of payments and increased cost of revenue associated with increased revenue . the decrease in

net cash used in investing activities our investing activities include acquisitions of media websites and businesses ; purchases , sales and maturities of marketable securities ; capital expenditures ; and capitalized internal development costs . cash used in investing activities in fiscal year 2012 was primarily due to our acquisition of it business edge for a cash payment of $ 24.0 million , acquisition of certain assets of ziff davis enterprise of $ 17.3 million and the purchases of the operations of eleven other online publishing businesses for an aggregate of $ 14.6 million in cash payments , as well as net investments in marketable securities of $ 3.2 million . capital expenditures and internal software development costs totaled $ 4.6 million in fiscal year 2012. cash used in investing activities in fiscal year 2011 was primarily due to our acquisition of carinsurance.com for an initial cash payment of $ 49.7 million and insurance.com for an initial cash payment of $ 33.0 million . cash used in investing activities was also impacted by purchases of the operations of 13 other online publishing businesses for an aggregate of $ 9.2 million in cash payments , which included $ 4.5 million of contingent consideration related to a prior period acquisition , as well as net investments in marketable securities of $ 35.2 million . capital expenditures and internal software development costs totaled $ 7.2 million in fiscal year 2011. cash used in investing activities in fiscal year 2010 was primarily due to our acquisitions of internet.com , insure.com and hsh association financial publications ( hsh ) . we acquired the website business of the internet.com division of webmediabrands , inc. , a new york-based internet media company , for an initial cash payment of $ 15.9 million . we acquired the website business of insure.com from lifequotes , inc. , an illinois-based online insurance quote service and brokerage business , for an initial cash payment of $ 15.0 million . we acquired hsh , a new jersey-based online company providing comprehensive mortgage rate information , for an initial cash payment of $ 6.0 million .


 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.
     ```net cash used in investing activities our investing activities include acquisitions of media websites and businesses ; purchases , sales and maturities of marketable securities ; capital expenditures ; and capitalized internal development costs . cash used in investing activities in fiscal year 2012 was primarily due to our acquisition of it business edge for a cash payment of $ 24.0 million , acquisition of certain assets of ziff davis enterprise of $ 17.3 million and the purchases of the operations of eleven other online publishing businesses for an aggregate of $ 14.6 million in cash payments , as well as net investments in marketable securities of $ 3.2 million . capital expenditures and internal software development costs totaled $ 4.6 million in fiscal year 2012. cash used in investing activities in fiscal year 2011 was primarily due to our acquisition of carinsurance.com for an initial cash payment of $ 49.7 million and insurance.com for an initial cash payment of $ 33.0 million . cash used in investing activities was also impacted by purchases of the operations of 13 other online publishing businesses for an aggregate of $ 9.2 million in cash payments , which included $ 4.5 million of contingent consideration related to a prior period acquisition , as well as net investments in marketable securities of $ 35.2 million . capital expenditures and internal software development costs totaled $ 7.2 million in fiscal year 2011. cash used in investing activities in fiscal year 2010 was primarily due to our acquisitions of internet.com , insure.com and hsh association financial publications ( hsh ) . we acquired the website business of the internet.com division of webmediabrands , inc. , a new york-based internet media company , for an initial cash payment of $ 15.9 million . we acquired the website business of insure.com from lifequotes , inc. , an illinois-based online insurance quote service and brokerage business , for an initial cash payment of $ 15.0 million . we acquired hsh , a new jersey-based online company providing comprehensive mortgage rate information , for an initial cash payment of $ 6.0 million .
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 Suspicious Activity Report : the regulations have affected and are expected to continue to affect our clients ' businesses and marketing practices , including an overall decrease in our clients ' external marketing expenditures and a related decrease in our revenues from this client vertical . the effect of these regulations may continue to result in fluctuations in the volume and mix of our business with these clients . in our financial services client vertical , prices are largely determined by bidding . in fiscal year 2012 , we have seen pricing that we receive from clients stabilize . throughout the year , our revenue has declined primarily due to volume declines caused by losses of traffic from third-party publishers resulting from acquisitions of media sources by competitors , changes in a search engine 's algorithms which reduced or eliminated traffic from some third-party publishers , and increased competition for quality media . acquisitions acquisitions in fiscal year 2012 in february 2012 , we acquired certain assets of ziff davis enterprise from enterprise media group , inc. , a new york-based online media and marketing company in the business-to-business technology market , in exchange for $ 17.3 million in cash , to broaden our registered user database and brand name in the business-to-business technology market . in august 2011 , we acquired 100 % of the outstanding equity interests of narrowcast group , llc , or it businessedge , a kentucky-based internet media company in the business-to-business technology market , in exchange for $ 24.0 million in cash , to broaden our registered user database and media access in the business-to-business technology market . during fiscal year 2012 , in addition to certain assets of ziff davis enterprise and all of the equity interests of it businessedge , we acquired eleven other online publishing businesses . acquisitions in fiscal year 2011 in november 2010 , we acquired 100 % of the outstanding shares of car insurance.com , inc. , or carinsurance.com , a florida-based online insurance business , and certain of its affiliated companies , in exchange for $ 49.7 million in cash , for its capacity to generate online visitors in the financial services market . in july 2010 , we acquired the website business insurance.com from insurance.com group , inc. , an ohio-based online insurance business , in exchange for $ 33.0 million in cash and the issuance of a $ 2.6 million non-interest-bearing , unsecured promissory note , for its capacity to generate online visitors in the financial services market . during fiscal year 2011 , in addition to the acquisitions of carinsurance.com and insurance.com , we acquired 13 other online publishing businesses . acquisitions in fiscal year 2010 in november 2009 , we acquired the website business internet.com , a division of webmediabrands , inc. , or internet.com , a new york-based internet media company , in exchange for $ 15.9 million in cash and the issuance of a $ 1.7 million non-interest-bearing , unsecured promissory note , to broaden our media access and client base in the business-to-business technology market . in october 2009 , we acquired the website business insure.com from 40 life quotes , inc. , or insure.com , an illinois-based online insurance quote service and brokerage business , in exchange for $ 15.0 million in cash and the issuance of a $ 1.0 million non-interest-bearing , unsecured promissory note , for its capacity to generate online visitors in the financial services market . during fiscal year 2010 , in addition to the acquisitions of internet.com and insure.com , we acquired 31 other online publishing businesses . our acquisition strategy may result in significant fluctuations in our available working capital from period to period and over the years . we may use cash , stock or promissory notes to acquire various businesses or technologies , and we can not accurately predict the timing of those acquisitions or the impact on our cash flows and balance sheet . large acquisitions or multiple acquisitions within a particular period may significantly affect our financial results for that period . we may utilize debt financing to make acquisitions , which could give rise to higher interest expense and more restrictive operating covenants . we may also utilize our stock as consideration , which could result in substantial dilution . development , retention and acquisition of targeted media one of the primary challenges of our business is finding , retaining and developing media that is targeted enough to attract prospects for our clients at costs that work for our business model . in order to grow our business , we must be able to continue to find , develop and retain quality targeted media on a cost-effective basis . our inability to find , develop and retain high quality targeted media has limited , during some periods , and may continue to limit our growth . seasonality our results are subject to significant fluctuation as a result of seasonality . in particular , our quarters ending december 31 ( our second fiscal quarter ) typically demonstrate seasonal weakness . in our second fiscal quarters , there is lower availability of cost effective media during the holiday period and some of our clients request fewer leads due to holiday staffing . in our quarters ending march 31 ( our third fiscal quarter ) , this trend generally reverses with better lead availability and often new budgets at the beginning of the year for our clients with fiscal years ending december 31. basis of presentation general we operate in two segments : dms and dss . for further discussion and financial information about our reporting segments , see note 14 to our consolidated financial statements . net revenue dms . our dms business generates revenue from fees earned through the delivery of qualified leads , clicks and , to a lesser extent , display advertisements , or impressions . story_separator_special_tag we seek to manage our business to a consistent level of adjusted ebitda as a percentage of net revenue . we do so on a fiscal year basis by varying our operations to balance revenue growth and costs throughout the fiscal year . we do not seek to manage our business to a consistent level of adjusted ebitda on a quarterly basis and investors should expect our adjusted ebitda margins to vary from quarter to quarter . liquidity and capital resources our principal sources of liquidity as of june 30 , 2012 consisted of cash and cash equivalents of $ 68.5 million , short-term marketable securities of $ 36.7 million , cash we expect to generate from operations , and our $ 200.0 million revolving credit facility , which is committed until november 2016 , all of which is available to be drawn , subject to compliance with applicable covenants . our cash and cash equivalents are maintained in highly liquid investments with remaining maturities of 90 days or less at the time of purchase . we believe our cash equivalents are liquid and accessible . in november 2011 , we replaced our existing $ 225.0 million credit facility with a new credit facility that expanded our overall borrowing capacity by $ 75.0 million to $ 300.0 million , consisting of a $ 100.0 million term loan and a $ 200.0 million revolving credit facility . additionally , in november 2011 , our board of directors authorized a stock repurchase program allowing us to repurchase up to $ 50.0 million , excluding broker commissions , of our outstanding shares of common stock . through june 30 , 2012 , we have repurchased an aggregate of 4.8 million shares of our common stock for an aggregate of $ 45.0 million . as of june 30 , 2012 , the remaining amount available for the repurchase of our common stock under this program was $ 5.0 million , all of which was used for repurchases in july 2012. additionally , in august 2011 , we acquired 100 % of the outstanding equity interests of narrowcast group , llc , or it businessedge , a kentucky-based internet media company in the business-to-business technology market , in exchange for $ 24.0 million in cash . in february 2012 , we acquired certain assets of ziff davis enterprise from enterprise media group , inc. , a new york-based online media and marketing company in the business-to-business technology market , for $ 17.3 million in cash . our short-term and long-term liquidity requirements primarily arise from our working capital requirements , acquisitions from time to time and share repurchases . our primary operating cash requirements include the payment of media costs , personnel costs , costs of information technology systems and office facilities . our 48 ability to fund these requirements will depend on our future cash flows , which are determined by future operating performance and are , therefore , subject to prevailing global macroeconomic conditions and financial , business and other factors , some of which are beyond our control , and also our ability to access our credit facility . we believe that our existing cash , cash equivalents , short-term marketable securities , cash generated from operations and our available borrowings under the credit facility will be sufficient to satisfy our currently anticipated cash requirements through at least the next 12 months . our ability to service any indebtedness we have incurred or may incur , including under our current credit facility , will depend on our ability to generate cash in the future . in addition , even though we may not need additional funds , we may still elect to obtain additional debt or equity securities or draw down on or increase our borrowing capacity under our current credit facility for other reasons . replace_table_token_16_th net cash provided by operating activities our net cash provided by operating activities is primarily the result of our net income adjusted for non-cash expenses such as depreciation and amortization , stock-based compensation expense and changes in working capital components , and is influenced by the timing of cash collections from our clients and cash payments for purchases of media and other expenses . net cash provided by operating activities in fiscal year 2012 was due to net income of $ 13.0 million , non-cash depreciation , amortization , stock-based compensation expense and related tax benefits of $ 46.0 million , a decrease in other noncurrent assets comprised primarily of deferred taxes of $ 2.8 million , partially offset by an increase in prepaid expenses and other assets of $ 2.6 million , an increase in accounts receivable of $ 2.0 million and a decrease in accounts payable and accrued liabilities of $ 7.8 million . the decrease in accounts payable and accrued liabilities is due to timing of payments and decreased cost of revenue associated with decreased revenue . the increase in prepaid expenses and other assets is primarily due to timing of payments . the increase in accounts receivable is attributable to timing of receipts . the decrease in deferred taxes is due to larger temporary differences between the financial statement carrying amount and the tax basis of certain existing assets and liabilities . net cash provided by operating activities in fiscal year 2011 was due to net income of $ 27.2 million , non-cash depreciation , amortization , stock-based compensation expense and related tax benefits of $ 33.8 million , an increase in accounts payable and accrued liabilities of $ 8.9 million , a decrease in prepaid expenses and other assets of $ 5.1 million and a decrease in accounts receivable of $ 3.9 million , partially offset by an increase in other noncurrent assets comprised primarily of deferred taxes of $ 3.3 million . the increase in accounts payable and accrued liabilities is due to timing of payments and increased cost of revenue associated with increased revenue . the decrease in

