there is some seasonality in the businesses within our cequent reportable segments , primarily within cequent americas , where sales of towing and trailering products are generally stronger in the second and third quarters , as trailer original equipment manufacturers ( `` oems `` ) , distributors and retailers acquire product for the spring and summer selling seasons . no other reportable segment experiences significant seasonal fluctuation . we do not consider sales order backlog to be a material factor in our business . a growing portion of our sales are derived from international sources , which exposes us to certain risks , including currency risks . the demand for some of our products , particularly in our two cequent reportable segments , is heavily influenced by consumer sentiment . despite the sales increases in the past few years , we recognize that consumer sentiment and the end market conditions remain unstable , primarily for cequent americas , given continued uncertainties in employment levels and consumer credit availability , both of which significantly impact consumer discretionary spending . 26 we are sensitive to price movements in our raw materials supply base . our largest material purchases are for steel , copper , aluminum , polyethylene and other resins and energy . historically , we have experienced increasing costs of steel and resin and have worked with our suppliers to manage cost pressures and disruptions in supply . we also utilize pricing programs to pass increased steel , copper , aluminum and resin costs to customers . although we may experience delays in our ability to implement price increases , we have been generally able to recover such increased costs , except for certain circumstances , primarily within cequent americas during 2011 , where we intentionally kept selling prices constant for certain customers despite material price increases to earn incremental sales . we may experience disruptions in supply in the future and may not be able to pass along higher costs associated with such disruptions to our customers in the form of price increases . we report shipping and handling expenses associated with our cequent americas reportable segment 's distribution network as an element of selling , general and administrative expenses in our consolidated statement of operations . as such , gross margins for the cequent americas reportable segment may not be comparable to those of our other reportable segments , which primarily rely on third party distributors , for which all costs are included in cost of sales . 27 segment information and supplemental analysis the following table summarizes financial information for our six reportable segments : replace_table_token_4_th 28 replace_table_token_5_th results of operations year ended december 31 , 2013 compared with year ended december 31 , 2012 the principal factors impacting us during the year ended december 31 , 2013 , compared with the year ended december 31 , 2012 were : the impact of our various acquisitions during 2013 and 2012 ( see below for the impact by reportable segment ) ; market share gains and increased demand in certain of our reportable segments in 2013 ; continued economic strength in certain of the markets our businesses serve in 2013 compared to 2012 , contributing to increased net sales in five of six of our reportable segments ; the sale of our business in italy within the packaging reportable segment , for which we recorded a pre-tax gain of approximately $ 10.5 million ; our equity offering during 2013 , where we issued 5,175,000 shares of common stock for net proceeds of approximately $ 174.7 million ; footprint consolidation and relocation projects within our cequent americas reportable segments , under which we incurred approximately $ 25.6 million of severance , unrecoverable future lease obligation , manufacturing inefficiency , facility move and duplicate costs during 2013 , as compared to $ 7.5 million of such costs during 2012 ; and entry into our new credit agreement ( `` credit agreement `` ) in 2013 , as compared to the refinance and our former amended and restated credit agreement completed in 2012. overall , net sales increased approximately $ 122.0 million , or approximately 9.6 % , to $ 1.39 billion in 2013 , as compared to $ 1.27 billion in 2012 . during 2013 , net sales increased in all of our reportable segments except for engineered components . of the sales increase , approximately $ 83.9 million was due to our recent acquisitions . the remainder of the increase in sales levels between years was due to the impact of continued economic strength in certain of our end markets , primarily in our aerospace & defense , packaging and cequent americas reportable segments , our expansion in international markets , primarily in our packaging and cequent apea reportable segments and our new product introductions and related growth , primarily in our cequent americas and aerospace & defense reportable segments . these sales increases were partially offset by approximately $ 9.1 million of unfavorable currency exchange , as our reported results in u.s. dollars were negatively impacted as a result of the stronger u.s. dollar relative to foreign currencies , primarily in our energy and cequent apea reportable segments . gross profit margin ( gross profit as a percentage of sales ) approximated 25.3 % and 27.0 % in 2013 and 2012 , respectively . the gross profit margin in our packaging reportable segment increased as compared to 2012 , primarily due to improvements in manufacturing productivity related to labor efficiencies and automation and a reduction in purchase accounting charges from 2012 levels . gross profit margins in our other reportable segments were flat or declined , with the most significant driver being the manufacturing facility footprint consolidation and relocation projects in our cequent americas reportable segment , where we recorded incremental charges of approximately $ 16.5 million during 2013 compared to 2012 . story_separator_special_tag these increases were partially offset by reductions in legal fees associated with the anti-dumping claim in 2012 within our industrial cylinder business . operating profit within engineered components decreased approximately $ 8.5 million to $ 19.5 million , or 10.5 % of sales , in 2013 , as compared to $ 28.0 million , or 14.0 % of sales , in 2012 , primarily due to the lower sales levels between years , lower fixed cost absorption and less favorable product sales mix in our engine business , which was partially offset by sales increases and productivity initiatives in the industrial cylinder business . 32 cequent apea . net sales increased approximately $ 23.0 million , or 17.9 % , to $ 151.6 million in 2013 , as compared to $ 128.6 million in 2012 . the acquisitions of c.p . witter limited ( `` witter `` ) , in april 2013 , the towing technology and business assets of al-ko , in july 2013 , and the full year effect of the acquisition of trail com limited ( `` trail com `` ) , in july 2012 , contributed approximately $ 29.0 million of incremental sales . additionally , we realized additional sales due to new asian-based business awards . partially offsetting these increases were lower customer demand in australia as a result of political and economic conditions during the second half of 2013 and the negative impact of currency exchange of approximately $ 7.3 million , as our reported results in u.s. dollars were negatively impacted as a net result of the stronger u.s. dollar relative to foreign currencies . cequent apea 's gross profit increased approximately $ 4.7 million to $ 30.8 million , or 20.3 % of net sales in 2013 , from approximately $ 26.1 million , or 20.3 % of net sales , in 2012 , primarily due to higher sales levels . gross profit margin increased due to efficiencies gained in our new australian facility following the completion of the consolidation of two manufacturing facilities into one new facility during 2012 and productivity gains in our asian plants . however , this increase in margin was essentially offset by the combination of a less favorable product sales mix , as the newly acquired businesses have lower margins than the legacy business , and approximately $ 0.8 million of incremental purchase accounting-related adjustments associated with the step-up in value and subsequent amortization of inventory in connection with our 2013 acquisitions compared to the 2012 acquisition of trail com . cequent apea 's selling , general and administrative expenses increased approximately $ 5.0 million to $ 18.9 million , or 12.5 % of sales in 2013 , as compared to $ 13.9 million , or 10.8 % of sales in 2012 , primarily as a result of sales increases and in support of our growth initiatives , including approximately $ 2.8 million of normal operating selling , general and administrative costs related to witter and al-ko , as well as increased legal and professional diligence costs of approximately $ 1.1 million associated with completion of our european acquisitions . cequent apea 's operating profit increased approximately $ 1.6 million to $ 13.9 million , or 9.2 % of sales , in 2013 , from $ 12.3 million , or 9.6 % of net sales in 2012 . operating profit increased primarily due to higher sales levels as well as a $ 2.1 million gain on the sale of a facility in australia . operating profit margin decreased in 2013 as compared to 2012 , as the margin impact of the facility efficiency gains was more than offset by the less favorable product sales mix and incremental costs associated with our recent acquisitions . cequent americas . net sales increased approximately $ 36.9 million , or 9.2 % , to $ 437.3 million in 2013 , as compared to $ 400.4 million in 2012 , primarily due to year-over-year increases within our retail , auto original equipment ( `` oe `` ) and aftermarket channels . net sales within our retail channel increased by approximately $ 17.4 million , primarily due to increased demand from existing customers associated with new towing accessory and ramp products , growth in internet sales as well as the recent acquisition of our broom and brush product line . sales within our oe channel increased approximately $ 12.4 million due to increased oem build rates and new business awards . sales within our aftermarket channel increased approximately $ 8.8 million , predominately due to strength in the recreational vehicle and oe aftermarket subcategories and due to our july 2012 acquisition of engetran engenharia , indústria , e comércio de peças e acessórios veiculares ltda ( `` engetran `` ) and our november 2013 acquisition of dhf soluções automotivas ltda ( `` dhf `` ) , which combined generated approximately $ 4.6 million in incremental revenue . these increases were partially offset by a decrease of $ 1.9 million in our industrial channel , primarily due to an overall decrease in agricultural and industrial trailer production as well as the rationalization of certain lower margin electrical and lighting products . cequent americas ' gross profit decreased approximately $ 10.3 million to $ 94.2 million , or 21.5 % of sales , in 2013 , from approximately $ 104.5 million , or 26.1 % of sales , in 2012 . the profit generated from the increase in sales during 2013 was more than offset by approximately $ 15.4 million of incremental costs associated with our announced closure of our goshen , indiana manufacturing facility and relocation of the production therefrom to our lower cost country facilities . the largest costs related to the facility closure were approximately $ 4.6 million of estimated future unrecoverable lease obligations on the goshen facility and $ 4.0 million of employee severance costs primarily associated with the hourly employees . the remainder of the costs related to inefficiencies

cash provided by operating activities in 2013 was approximately $ 87.6 million , as compared to $ 73.2 million in 2012 . significant changes in cash flows provided by operating activities and the reasons for such changes are as follows : in 2013 , the company generated $ 118.5 million in cash flows , based on the reported net income of $ 80.1 million and after considering the effects of non-cash items related to gains on dispositions of businesses and other assets , gain on bargain purchase , depreciation , amortization , stock compensation and related changes in excess tax benefits , changes in deferred income taxes , debt extinguishment costs and other , net . in 2012 , the company generated $ 128.1 million based on the reported net income of $ 36.3 million and after considering the effects of similar non-cash items . 39 increases in accounts receivable resulted in a use of cash of approximately $ 25.6 million and $ 3.8 million in 2013 and 2012 , respectively . the increase in accounts receivable is due primarily to the increase in year-over-year sales and the timing of sales and collection of cash within the period . in 2013 , accounts receivable increased by a higher percentage than sales , as evidenced by our days sales outstanding of receivables increasing to 51 days in 2013 compared to 46 days in 2012. we used approximately $ 10.7 million and $ 48.0 million of cash in 2013 and 2012 , respectively , for investment in our inventories . inventory levels increased primarily to support the increased sales volumes , including in our acquisitions , where we made additional investments post-transaction to add inventory to fill projected customer demand . in addition , during the second half of 2012 , we increased inventory levels in our cequent americas reportable segment given the planned closure of the goshen , indiana manufacturing facility .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash provided by operating activities in 2013 was approximately $ 87.6 million , as compared to $ 73.2 million in 2012 . significant changes in cash flows provided by operating activities and the reasons for such changes are as follows : in 2013 , the company generated $ 118.5 million in cash flows , based on the reported net income of $ 80.1 million and after considering the effects of non-cash items related to gains on dispositions of businesses and other assets , gain on bargain purchase , depreciation , amortization , stock compensation and related changes in excess tax benefits , changes in deferred income taxes , debt extinguishment costs and other , net . in 2012 , the company generated $ 128.1 million based on the reported net income of $ 36.3 million and after considering the effects of similar non-cash items . 39 increases in accounts receivable resulted in a use of cash of approximately $ 25.6 million and $ 3.8 million in 2013 and 2012 , respectively . the increase in accounts receivable is due primarily to the increase in year-over-year sales and the timing of sales and collection of cash within the period . in 2013 , accounts receivable increased by a higher percentage than sales , as evidenced by our days sales outstanding of receivables increasing to 51 days in 2013 compared to 46 days in 2012. we used approximately $ 10.7 million and $ 48.0 million of cash in 2013 and 2012 , respectively , for investment in our inventories . inventory levels increased primarily to support the increased sales volumes , including in our acquisitions , where we made additional investments post-transaction to add inventory to fill projected customer demand . in addition , during the second half of 2012 , we increased inventory levels in our cequent americas reportable segment given the planned closure of the goshen , indiana manufacturing facility .
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 Suspicious Activity Report : there is some seasonality in the businesses within our cequent reportable segments , primarily within cequent americas , where sales of towing and trailering products are generally stronger in the second and third quarters , as trailer original equipment manufacturers ( `` oems `` ) , distributors and retailers acquire product for the spring and summer selling seasons . no other reportable segment experiences significant seasonal fluctuation . we do not consider sales order backlog to be a material factor in our business . a growing portion of our sales are derived from international sources , which exposes us to certain risks , including currency risks . the demand for some of our products , particularly in our two cequent reportable segments , is heavily influenced by consumer sentiment . despite the sales increases in the past few years , we recognize that consumer sentiment and the end market conditions remain unstable , primarily for cequent americas , given continued uncertainties in employment levels and consumer credit availability , both of which significantly impact consumer discretionary spending . 26 we are sensitive to price movements in our raw materials supply base . our largest material purchases are for steel , copper , aluminum , polyethylene and other resins and energy . historically , we have experienced increasing costs of steel and resin and have worked with our suppliers to manage cost pressures and disruptions in supply . we also utilize pricing programs to pass increased steel , copper , aluminum and resin costs to customers . although we may experience delays in our ability to implement price increases , we have been generally able to recover such increased costs , except for certain circumstances , primarily within cequent americas during 2011 , where we intentionally kept selling prices constant for certain customers despite material price increases to earn incremental sales . we may experience disruptions in supply in the future and may not be able to pass along higher costs associated with such disruptions to our customers in the form of price increases . we report shipping and handling expenses associated with our cequent americas reportable segment 's distribution network as an element of selling , general and administrative expenses in our consolidated statement of operations . as such , gross margins for the cequent americas reportable segment may not be comparable to those of our other reportable segments , which primarily rely on third party distributors , for which all costs are included in cost of sales . 27 segment information and supplemental analysis the following table summarizes financial information for our six reportable segments : replace_table_token_4_th 28 replace_table_token_5_th results of operations year ended december 31 , 2013 compared with year ended december 31 , 2012 the principal factors impacting us during the year ended december 31 , 2013 , compared with the year ended december 31 , 2012 were : the impact of our various acquisitions during 2013 and 2012 ( see below for the impact by reportable segment ) ; market share gains and increased demand in certain of our reportable segments in 2013 ; continued economic strength in certain of the markets our businesses serve in 2013 compared to 2012 , contributing to increased net sales in five of six of our reportable segments ; the sale of our business in italy within the packaging reportable segment , for which we recorded a pre-tax gain of approximately $ 10.5 million ; our equity offering during 2013 , where we issued 5,175,000 shares of common stock for net proceeds of approximately $ 174.7 million ; footprint consolidation and relocation projects within our cequent americas reportable segments , under which we incurred approximately $ 25.6 million of severance , unrecoverable future lease obligation , manufacturing inefficiency , facility move and duplicate costs during 2013 , as compared to $ 7.5 million of such costs during 2012 ; and entry into our new credit agreement ( `` credit agreement `` ) in 2013 , as compared to the refinance and our former amended and restated credit agreement completed in 2012. overall , net sales increased approximately $ 122.0 million , or approximately 9.6 % , to $ 1.39 billion in 2013 , as compared to $ 1.27 billion in 2012 . during 2013 , net sales increased in all of our reportable segments except for engineered components . of the sales increase , approximately $ 83.9 million was due to our recent acquisitions . the remainder of the increase in sales levels between years was due to the impact of continued economic strength in certain of our end markets , primarily in our aerospace & defense , packaging and cequent americas reportable segments , our expansion in international markets , primarily in our packaging and cequent apea reportable segments and our new product introductions and related growth , primarily in our cequent americas and aerospace & defense reportable segments . these sales increases were partially offset by approximately $ 9.1 million of unfavorable currency exchange , as our reported results in u.s. dollars were negatively impacted as a result of the stronger u.s. dollar relative to foreign currencies , primarily in our energy and cequent apea reportable segments . gross profit margin ( gross profit as a percentage of sales ) approximated 25.3 % and 27.0 % in 2013 and 2012 , respectively . the gross profit margin in our packaging reportable segment increased as compared to 2012 , primarily due to improvements in manufacturing productivity related to labor efficiencies and automation and a reduction in purchase accounting charges from 2012 levels . gross profit margins in our other reportable segments were flat or declined , with the most significant driver being the manufacturing facility footprint consolidation and relocation projects in our cequent americas reportable segment , where we recorded incremental charges of approximately $ 16.5 million during 2013 compared to 2012 . story_separator_special_tag these increases were partially offset by reductions in legal fees associated with the anti-dumping claim in 2012 within our industrial cylinder business . operating profit within engineered components decreased approximately $ 8.5 million to $ 19.5 million , or 10.5 % of sales , in 2013 , as compared to $ 28.0 million , or 14.0 % of sales , in 2012 , primarily due to the lower sales levels between years , lower fixed cost absorption and less favorable product sales mix in our engine business , which was partially offset by sales increases and productivity initiatives in the industrial cylinder business . 32 cequent apea . net sales increased approximately $ 23.0 million , or 17.9 % , to $ 151.6 million in 2013 , as compared to $ 128.6 million in 2012 . the acquisitions of c.p . witter limited ( `` witter `` ) , in april 2013 , the towing technology and business assets of al-ko , in july 2013 , and the full year effect of the acquisition of trail com limited ( `` trail com `` ) , in july 2012 , contributed approximately $ 29.0 million of incremental sales . additionally , we realized additional sales due to new asian-based business awards . partially offsetting these increases were lower customer demand in australia as a result of political and economic conditions during the second half of 2013 and the negative impact of currency exchange of approximately $ 7.3 million , as our reported results in u.s. dollars were negatively impacted as a net result of the stronger u.s. dollar relative to foreign currencies . cequent apea 's gross profit increased approximately $ 4.7 million to $ 30.8 million , or 20.3 % of net sales in 2013 , from approximately $ 26.1 million , or 20.3 % of net sales , in 2012 , primarily due to higher sales levels . gross profit margin increased due to efficiencies gained in our new australian facility following the completion of the consolidation of two manufacturing facilities into one new facility during 2012 and productivity gains in our asian plants . however , this increase in margin was essentially offset by the combination of a less favorable product sales mix , as the newly acquired businesses have lower margins than the legacy business , and approximately $ 0.8 million of incremental purchase accounting-related adjustments associated with the step-up in value and subsequent amortization of inventory in connection with our 2013 acquisitions compared to the 2012 acquisition of trail com . cequent apea 's selling , general and administrative expenses increased approximately $ 5.0 million to $ 18.9 million , or 12.5 % of sales in 2013 , as compared to $ 13.9 million , or 10.8 % of sales in 2012 , primarily as a result of sales increases and in support of our growth initiatives , including approximately $ 2.8 million of normal operating selling , general and administrative costs related to witter and al-ko , as well as increased legal and professional diligence costs of approximately $ 1.1 million associated with completion of our european acquisitions . cequent apea 's operating profit increased approximately $ 1.6 million to $ 13.9 million , or 9.2 % of sales , in 2013 , from $ 12.3 million , or 9.6 % of net sales in 2012 . operating profit increased primarily due to higher sales levels as well as a $ 2.1 million gain on the sale of a facility in australia . operating profit margin decreased in 2013 as compared to 2012 , as the margin impact of the facility efficiency gains was more than offset by the less favorable product sales mix and incremental costs associated with our recent acquisitions . cequent americas . net sales increased approximately $ 36.9 million , or 9.2 % , to $ 437.3 million in 2013 , as compared to $ 400.4 million in 2012 , primarily due to year-over-year increases within our retail , auto original equipment ( `` oe `` ) and aftermarket channels . net sales within our retail channel increased by approximately $ 17.4 million , primarily due to increased demand from existing customers associated with new towing accessory and ramp products , growth in internet sales as well as the recent acquisition of our broom and brush product line . sales within our oe channel increased approximately $ 12.4 million due to increased oem build rates and new business awards . sales within our aftermarket channel increased approximately $ 8.8 million , predominately due to strength in the recreational vehicle and oe aftermarket subcategories and due to our july 2012 acquisition of engetran engenharia , indústria , e comércio de peças e acessórios veiculares ltda ( `` engetran `` ) and our november 2013 acquisition of dhf soluções automotivas ltda ( `` dhf `` ) , which combined generated approximately $ 4.6 million in incremental revenue . these increases were partially offset by a decrease of $ 1.9 million in our industrial channel , primarily due to an overall decrease in agricultural and industrial trailer production as well as the rationalization of certain lower margin electrical and lighting products . cequent americas ' gross profit decreased approximately $ 10.3 million to $ 94.2 million , or 21.5 % of sales , in 2013 , from approximately $ 104.5 million , or 26.1 % of sales , in 2012 . the profit generated from the increase in sales during 2013 was more than offset by approximately $ 15.4 million of incremental costs associated with our announced closure of our goshen , indiana manufacturing facility and relocation of the production therefrom to our lower cost country facilities . the largest costs related to the facility closure were approximately $ 4.6 million of estimated future unrecoverable lease obligations on the goshen facility and $ 4.0 million of employee severance costs primarily associated with the hourly employees . the remainder of the costs related to inefficiencies

