ba services include gogo biz , our in-flight broadband service that utilizes both our atg network and our atg spectrum , and satellite-based voice and data services through our strategic alliances with satellite companies . recent developments on april 4 , 2013 , we borrowed $ 113.0 million ( the new borrowing ) under an amendment to the credit agreement governing our existing senior term facility , dated as of june 21 , 2012 , among gogo intermediate holdings llc ( gih ) , aircell business aviation services llc ( abas ) and gogo llc , as borrowers , the lenders named therein , and morgan stanley senior funding , inc. , as administrative agent and collateral agent . we refer to our existing senior term facility , as so amended , as the amended senior term facility. the amendment increased the size of our senior term facility from $ 135.0 million to $ 248.0 million . we received net cash proceeds from the new borrowing of $ 103.0 million following the payment of debt issuance fees of 56 $ 10.0 million . we are using the proceeds from the new borrowing for general corporate purposes , including upgrading certain of our airline partners to atg-4 technology and funding our international expansion to the extent permitted by the amended senior term facility . see liquidity and capital resources for additional information regarding the amended senior term facility . on june 20 , 2013 , we priced our initial public offering ( ipo ) of 11,000,000 shares of our common stock , and such shares began trading on the nasdaq global select market on june 21 , 2013. the public offering price of the shares sold in the offering was $ 17.00 per share , which provided $ 173.9 million of proceeds , net of underwriter commissions and other costs associated with the ipo . in september 2013 , we amended our contract with virgin america inc. , pursuant to which we provide in-flight connectivity services on virgin america 's entire fleet of 53 aircraft , to extend the term of the contract to september 2018 and to provide for upgrades of certain aircraft from atg to atg-4 . in addition , the contract provides that virgin america will be our launch partner for the next step in our technology roadmap : a proprietary hybrid technology called gogo gto ( ground to orbit ) that uses satellite for receive only ( transmission to the aircraft ) and our atg network for the return link ( transmission to the ground ) . we expect gogo gto to be capable of delivering peak speeds of 70mbps to the aircraft and to be available in the second half of 2014. in october 2013 , we entered into a contract with japan airlines ( jal ) pursuant to which we will install our ku-satellite based equipment and provide in-flight connectivity services to passengers on jal 's entire domestic fleet of 77 aircraft . service to jal passengers is expected to begin in the summer of 2014. in early october 2013 , we launched a variety of new services and equipment for ba customers . these services include , among others : gogo text & talk , which allows passengers to place and receive voice calls and send and receive texts in-flight using their personal devices and their own mobile numbers , atg 2000 , which is a scaled-down version of our atg system that targets business aviation customers flying smaller jets and turbo-prop aircraft , gogo vision , the first turnkey inflight entertainment solution for business aviation , and ucs 5000 , business aviation 's first all-in-one smart router and media service . in december 2013 , we entered into a non-binding memorandum of understanding with aeromexico to provide in-flight connectivity service and gogo vision on at least 75 aircraft , with the first installation targeted for the fourth quarter of 2014. factors and trends affecting our results of operations we believe our operating and business performance is driven by various factors that affect the commercial airline and business aviation industries , including trends affecting the travel industry and trends affecting the customer bases that we target , as well as factors that affect wireless internet service providers and general macroeconomic factors . key factors that may affect our future performance include : the costs associated with implementing , and our ability to implement on a timely basis , our technology roadmap , including the need for additional cell sites in our atg network , upgrades and installation of our atg-4 technology , the roll-out of our satellite service , including hybrid technology solutions that are in part dependent on our satellite service , such as our gto offering , and the implementation of improvements to our network and operations as technology changes and we experience increased network capacity constraints ; the costs associated with and our ability to execute our international expansion , including modification to our network to accommodate satellite technology , compliance with applicable foreign regulations and expanded operations outside of the u.s. ; the pace and extent of adoption of the gogo service for use on international commercial aircraft by our current north american airline partners and new international airline partners ; 57 the number of aircraft in service in our markets , including consolidation of the airline industry or changes in fleet size by one or more of our airline partners ; the economic environment and other trends that affect both business and leisure travel ; the extent of customers ' , airline partners ' and other aircraft operators ' adoption of our products and services , which is affected by , among other things , willingness to pay for the services that we provide and changes in technology ; the continued demand for connectivity and proliferation of wi-fi enabled devices , including smartphones , tablets and laptops ; changes in laws , regulations , and interpretations affecting telecommunications services story_separator_special_tag depreciation and amortization : depreciation expense for both the ca-na and ba segments includes depreciation expense associated with our office equipment , furniture , fixtures and leasehold improvements . additionally , the depreciation expense for the ca-na segment includes depreciation of our airborne and ground network related equipment . we depreciate these assets on a straight-line method over their estimated useful lives that range from 3-25 years , depending on the assets being depreciated . amortization expense for both the ca-na and ba segments includes the amortization of our finite lived intangible assets on a straight-line basis over the estimated useful lives that range from 3 to 10 years , depending on the items being amortized . segment profit ( loss ) we measure our segments ' performance on the basis of segment profit ( loss ) , which is calculated internally as net income ( loss ) attributable to common stock before interest expense , interest income , income taxes , depreciation and amortization , and certain non-cash charges ( including amortization of deferred airborne lease incentives , stock compensation expense , the write off of deferred equity financing costs , and , for periods prior to the ipo : fair value derivative adjustments , class a and class b senior convertible preferred stock return , and accretion of preferred stock ) . critical accounting estimates our discussion and analysis of our financial condition and results of operations are based on our consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states of america ( gaap ) . the preparation of our consolidated financial statements and related disclosures requires us to make estimates , assumptions and judgments that affect the reported amounts of assets , liabilities , revenue , costs and expenses , and related exposures . we base our estimates and assumptions on historical experience and other factors that we believe to be reasonable under the circumstances . in some instances , we could reasonably use different accounting estimates , and in some instances results could differ significantly from our estimates . we evaluate our estimates and assumptions on an ongoing basis . to the extent that there are differences between our estimates and actual results , our future financial statement presentation , financial condition , results of operations and cash flows will be affected . 63 we believe the following accounting estimates are the most critical to aid in fully understanding and evaluating our reported financial results , and they require our most difficult , subjective or complex judgments , resulting from the need to make estimates . for a discussion of our significant accounting policies to which many of these critical estimates relate , see note 2 , summary of significant accounting policies ,  to our consolidated financial statements for the year ended december 31 , 2013 included in this annual report on form 10-k. long-lived assets : our long-lived assets ( other than goodwill and indefinite-lived assets which are separately tested for impairment ) are evaluated for impairment whenever events indicate that the carrying amount of such assets may not be recoverable . we evaluate long-lived assets for impairment by comparing the carrying value of the long-lived assets with the estimated future net undiscounted cash flows expected to result from the use of the assets , including cash flows from disposition . if the future net undiscounted cash flows are less than the carrying value , we then calculate an impairment loss . the impairment loss is calculated by comparing the long-lived assets carrying value with the estimated fair value , which may be based on estimated future discounted cash flows . we would recognize an impairment loss by the amount the long-lived asset 's carrying value exceeds the estimated fair value . if we recognize an impairment loss , the adjusted balance becomes the new cost basis and is depreciated ( amortized ) over the remaining useful life of the asset . our impairment loss calculations contain uncertainties because they require management to make assumptions and to apply judgment to estimate future cash flows and long-lived asset fair values , including forecasting useful lives of the long-lived assets and selecting discount rates . we do not believe there is a reasonable likelihood that there will be a material change in the nature of the estimates or assumptions we use to calculate our potential long-lived asset impairment losses . however , if actual results are not consistent with our assumptions used , we could experience an impairment triggering event and be exposed to losses that could be material . indefinite-lived assets : we have two indefinite-lived intangible assets , our fcc spectrum licenses . indefinite-lived intangible assets are not amortized but are reviewed for impairment at least annually or whenever events indicate that the carrying amount of such assets may not be recoverable . we perform our annual impairment test during the fourth quarter of each fiscal year . in determining which approach was most appropriate , we considered the cost approach , market approach and income approach . we determined that the income approach , utilizing the greenfield method , is the most appropriate way to value our indefinite-lived assets . for the greenfield method we estimate the value of our fcc spectrum licenses by calculating the present value of the cash flows of a hypothetical new market participant whose only assets are such licenses to determine the enterprise value of the entire company . it includes all necessary costs and expenses to build the company 's infrastructure during the start-up period , projected revenue , and cash flows once the infrastructure is completed . since there are no corroborating data available in the market place that would demonstrate a market participant 's experience in setting up an air-to-ground business , we utilized our historic results and future projections as the basis for the application of the greenfield method . we followed the traditional

cash flows provided by financing activities : cash provided by financing activities for the year ended december 31 , 2013 was $ 271.1 million primarily due to net proceeds from the ipo of $ 170.1 million ( $ 173.9 million of proceeds , net of underwriter commissions , less the payment of $ 3.9 million of additional costs associated with the ipo ) , proceeds from the new borrowing of $ 113.0 million , partially offset by $ 7.0 million of related debt issuance costs and principal payments on the senior term facility and alaska facility of $ 4.5 million . cash provided by financing activities for the year ended december 31 , 2012 was $ 118.8 million primarily due to proceeds from the $ 135.0 million senior term facility , partially offset by debt issuance costs related to the senior term facility of $ 9.6 million , payment of professional fees of $ 4.3 million related to preparing for this initial public offering and principal payments on the senior term facility and alaska facility of $ 2.3 million . 88 cash provided by financing activities for the year ended december 31 , 2011 was $ 55.2 million primarily due to $ 55.4 million of proceeds from two issuances of class a preferred stock totaling 5,539 shares to existing investors on terms consistent with our prior issuances of class a preferred stock and $ 0.5 million from additional borrowings on our alaska facility . as noted above , all of the class a preferred stock was converted to common stock as part of the ipo in june 2013. capital expenditures our operations continue to require significant capital expenditures for technology , equipment , capacity expansion and upgrades . a substantial portion of the capital expenditures by the ca-na segment is associated with installation and the supply of airborne equipment to our airline partners , which correlates directly to the roll out and or upgrade of service to our airline partners ' fleets .


 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 flows provided by financing activities : cash provided by financing activities for the year ended december 31 , 2013 was $ 271.1 million primarily due to net proceeds from the ipo of $ 170.1 million ( $ 173.9 million of proceeds , net of underwriter commissions , less the payment of $ 3.9 million of additional costs associated with the ipo ) , proceeds from the new borrowing of $ 113.0 million , partially offset by $ 7.0 million of related debt issuance costs and principal payments on the senior term facility and alaska facility of $ 4.5 million . cash provided by financing activities for the year ended december 31 , 2012 was $ 118.8 million primarily due to proceeds from the $ 135.0 million senior term facility , partially offset by debt issuance costs related to the senior term facility of $ 9.6 million , payment of professional fees of $ 4.3 million related to preparing for this initial public offering and principal payments on the senior term facility and alaska facility of $ 2.3 million . 88 cash provided by financing activities for the year ended december 31 , 2011 was $ 55.2 million primarily due to $ 55.4 million of proceeds from two issuances of class a preferred stock totaling 5,539 shares to existing investors on terms consistent with our prior issuances of class a preferred stock and $ 0.5 million from additional borrowings on our alaska facility . as noted above , all of the class a preferred stock was converted to common stock as part of the ipo in june 2013. capital expenditures our operations continue to require significant capital expenditures for technology , equipment , capacity expansion and upgrades . a substantial portion of the capital expenditures by the ca-na segment is associated with installation and the supply of airborne equipment to our airline partners , which correlates directly to the roll out and or upgrade of service to our airline partners ' fleets .
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 Suspicious Activity Report : ba services include gogo biz , our in-flight broadband service that utilizes both our atg network and our atg spectrum , and satellite-based voice and data services through our strategic alliances with satellite companies . recent developments on april 4 , 2013 , we borrowed $ 113.0 million ( the new borrowing ) under an amendment to the credit agreement governing our existing senior term facility , dated as of june 21 , 2012 , among gogo intermediate holdings llc ( gih ) , aircell business aviation services llc ( abas ) and gogo llc , as borrowers , the lenders named therein , and morgan stanley senior funding , inc. , as administrative agent and collateral agent . we refer to our existing senior term facility , as so amended , as the amended senior term facility. the amendment increased the size of our senior term facility from $ 135.0 million to $ 248.0 million . we received net cash proceeds from the new borrowing of $ 103.0 million following the payment of debt issuance fees of 56 $ 10.0 million . we are using the proceeds from the new borrowing for general corporate purposes , including upgrading certain of our airline partners to atg-4 technology and funding our international expansion to the extent permitted by the amended senior term facility . see liquidity and capital resources for additional information regarding the amended senior term facility . on june 20 , 2013 , we priced our initial public offering ( ipo ) of 11,000,000 shares of our common stock , and such shares began trading on the nasdaq global select market on june 21 , 2013. the public offering price of the shares sold in the offering was $ 17.00 per share , which provided $ 173.9 million of proceeds , net of underwriter commissions and other costs associated with the ipo . in september 2013 , we amended our contract with virgin america inc. , pursuant to which we provide in-flight connectivity services on virgin america 's entire fleet of 53 aircraft , to extend the term of the contract to september 2018 and to provide for upgrades of certain aircraft from atg to atg-4 . in addition , the contract provides that virgin america will be our launch partner for the next step in our technology roadmap : a proprietary hybrid technology called gogo gto ( ground to orbit ) that uses satellite for receive only ( transmission to the aircraft ) and our atg network for the return link ( transmission to the ground ) . we expect gogo gto to be capable of delivering peak speeds of 70mbps to the aircraft and to be available in the second half of 2014. in october 2013 , we entered into a contract with japan airlines ( jal ) pursuant to which we will install our ku-satellite based equipment and provide in-flight connectivity services to passengers on jal 's entire domestic fleet of 77 aircraft . service to jal passengers is expected to begin in the summer of 2014. in early october 2013 , we launched a variety of new services and equipment for ba customers . these services include , among others : gogo text & talk , which allows passengers to place and receive voice calls and send and receive texts in-flight using their personal devices and their own mobile numbers , atg 2000 , which is a scaled-down version of our atg system that targets business aviation customers flying smaller jets and turbo-prop aircraft , gogo vision , the first turnkey inflight entertainment solution for business aviation , and ucs 5000 , business aviation 's first all-in-one smart router and media service . in december 2013 , we entered into a non-binding memorandum of understanding with aeromexico to provide in-flight connectivity service and gogo vision on at least 75 aircraft , with the first installation targeted for the fourth quarter of 2014. factors and trends affecting our results of operations we believe our operating and business performance is driven by various factors that affect the commercial airline and business aviation industries , including trends affecting the travel industry and trends affecting the customer bases that we target , as well as factors that affect wireless internet service providers and general macroeconomic factors . key factors that may affect our future performance include : the costs associated with implementing , and our ability to implement on a timely basis , our technology roadmap , including the need for additional cell sites in our atg network , upgrades and installation of our atg-4 technology , the roll-out of our satellite service , including hybrid technology solutions that are in part dependent on our satellite service , such as our gto offering , and the implementation of improvements to our network and operations as technology changes and we experience increased network capacity constraints ; the costs associated with and our ability to execute our international expansion , including modification to our network to accommodate satellite technology , compliance with applicable foreign regulations and expanded operations outside of the u.s. ; the pace and extent of adoption of the gogo service for use on international commercial aircraft by our current north american airline partners and new international airline partners ; 57 the number of aircraft in service in our markets , including consolidation of the airline industry or changes in fleet size by one or more of our airline partners ; the economic environment and other trends that affect both business and leisure travel ; the extent of customers ' , airline partners ' and other aircraft operators ' adoption of our products and services , which is affected by , among other things , willingness to pay for the services that we provide and changes in technology ; the continued demand for connectivity and proliferation of wi-fi enabled devices , including smartphones , tablets and laptops ; changes in laws , regulations , and interpretations affecting telecommunications services story_separator_special_tag depreciation and amortization : depreciation expense for both the ca-na and ba segments includes depreciation expense associated with our office equipment , furniture , fixtures and leasehold improvements . additionally , the depreciation expense for the ca-na segment includes depreciation of our airborne and ground network related equipment . we depreciate these assets on a straight-line method over their estimated useful lives that range from 3-25 years , depending on the assets being depreciated . amortization expense for both the ca-na and ba segments includes the amortization of our finite lived intangible assets on a straight-line basis over the estimated useful lives that range from 3 to 10 years , depending on the items being amortized . segment profit ( loss ) we measure our segments ' performance on the basis of segment profit ( loss ) , which is calculated internally as net income ( loss ) attributable to common stock before interest expense , interest income , income taxes , depreciation and amortization , and certain non-cash charges ( including amortization of deferred airborne lease incentives , stock compensation expense , the write off of deferred equity financing costs , and , for periods prior to the ipo : fair value derivative adjustments , class a and class b senior convertible preferred stock return , and accretion of preferred stock ) . critical accounting estimates our discussion and analysis of our financial condition and results of operations are based on our consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states of america ( gaap ) . the preparation of our consolidated financial statements and related disclosures requires us to make estimates , assumptions and judgments that affect the reported amounts of assets , liabilities , revenue , costs and expenses , and related exposures . we base our estimates and assumptions on historical experience and other factors that we believe to be reasonable under the circumstances . in some instances , we could reasonably use different accounting estimates , and in some instances results could differ significantly from our estimates . we evaluate our estimates and assumptions on an ongoing basis . to the extent that there are differences between our estimates and actual results , our future financial statement presentation , financial condition , results of operations and cash flows will be affected . 63 we believe the following accounting estimates are the most critical to aid in fully understanding and evaluating our reported financial results , and they require our most difficult , subjective or complex judgments , resulting from the need to make estimates . for a discussion of our significant accounting policies to which many of these critical estimates relate , see note 2 , summary of significant accounting policies ,  to our consolidated financial statements for the year ended december 31 , 2013 included in this annual report on form 10-k. long-lived assets : our long-lived assets ( other than goodwill and indefinite-lived assets which are separately tested for impairment ) are evaluated for impairment whenever events indicate that the carrying amount of such assets may not be recoverable . we evaluate long-lived assets for impairment by comparing the carrying value of the long-lived assets with the estimated future net undiscounted cash flows expected to result from the use of the assets , including cash flows from disposition . if the future net undiscounted cash flows are less than the carrying value , we then calculate an impairment loss . the impairment loss is calculated by comparing the long-lived assets carrying value with the estimated fair value , which may be based on estimated future discounted cash flows . we would recognize an impairment loss by the amount the long-lived asset 's carrying value exceeds the estimated fair value . if we recognize an impairment loss , the adjusted balance becomes the new cost basis and is depreciated ( amortized ) over the remaining useful life of the asset . our impairment loss calculations contain uncertainties because they require management to make assumptions and to apply judgment to estimate future cash flows and long-lived asset fair values , including forecasting useful lives of the long-lived assets and selecting discount rates . we do not believe there is a reasonable likelihood that there will be a material change in the nature of the estimates or assumptions we use to calculate our potential long-lived asset impairment losses . however , if actual results are not consistent with our assumptions used , we could experience an impairment triggering event and be exposed to losses that could be material . indefinite-lived assets : we have two indefinite-lived intangible assets , our fcc spectrum licenses . indefinite-lived intangible assets are not amortized but are reviewed for impairment at least annually or whenever events indicate that the carrying amount of such assets may not be recoverable . we perform our annual impairment test during the fourth quarter of each fiscal year . in determining which approach was most appropriate , we considered the cost approach , market approach and income approach . we determined that the income approach , utilizing the greenfield method , is the most appropriate way to value our indefinite-lived assets . for the greenfield method we estimate the value of our fcc spectrum licenses by calculating the present value of the cash flows of a hypothetical new market participant whose only assets are such licenses to determine the enterprise value of the entire company . it includes all necessary costs and expenses to build the company 's infrastructure during the start-up period , projected revenue , and cash flows once the infrastructure is completed . since there are no corroborating data available in the market place that would demonstrate a market participant 's experience in setting up an air-to-ground business , we utilized our historic results and future projections as the basis for the application of the greenfield method . we followed the traditional

