charges related to being a public company ; any statements of belief and any statements of assumptions underlying any of the foregoing ; carlyle 's ability to control our common shares ; other factors disclosed in this annual report on form 10-k ; and other factors beyond our control . these cautionary statements should not be construed by you to be exhaustive and are made only as of the date of this annual report on form 10-k. we undertake no obligation to update or revise any forward-looking statements , whether as a result of new information , future events or otherwise . basis of presentation axalta 's consolidated financial statements as of december 31 , 2014 and 2013 , and for the years ended december 31 , 2014 and 2013 and the period from august 24 , 2012 through december 31 , 2012 , included elsewhere in this annual report on form 10-k , represent those of the successor . the consolidated financial statements of axalta were prepared using the acquisition method of accounting . under the acquisition method of accounting , tangible and identifiable intangible assets acquired and liabilities assumed are recorded at their respective fair market values as of the date of the acquisition , with any purchase price in excess of the net assets acquired recorded as goodwill . because axalta was formed on august 24 , 2012 for the purpose of consummating the acquisition , it has no financial statements as of or for periods ended prior to that date . prior to the acquisition , axalta generated no revenue and only incurred merger and acquisition related costs and debt financing costs in anticipation of the acquisition . the combined financial statements of dpc for the period from january 1 , 2013 through january 31 , 2013 and for the year ended december 31 , 2012 , included elsewhere in this annual report on form 10-k , represent those of the predecessor . as a result of the application of acquisition accounting as of the date of the acquisition , the financial statements for the successor periods and the predecessor periods are presented on a different basis and , therefore , may not be comparable . during the predecessor periods , dpc operated either as a reportable segment or part of a reportable segment within dupont , consequently , standalone financial statements were not historically prepared for dpc . the accompanying combined financial statements of dpc have been prepared from dupont 's historical accounting records and are presented on a standalone basis as if the operations had been conducted independently from dupont . in this context , prior to pre-acquisition structuring that occurred in 2012 , no direct ownership relationship existed among all of the various legal entities comprising dpc . accordingly , dupont and its subsidiaries ' net investment in these operations is shown in lieu of shareholders ' equity in the predecessor combined financial statements . the predecessor combined financial statements include the historical operations and assets and liabilities of the legal entities that are considered to comprise the dpc business . for more information on the financial statements for our successor period and predecessor period , see note 2 to the consolidated and combined financial statements included elsewhere in this annual report on form 10-k. in addition to the historical analysis of results of operations , we have prepared unaudited supplemental pro forma results of operations for the year ended december 31 , 2013 , derived from our audited financial statements for the year ended december 31 , 2013 and the audited financial statements for the dpc business for the period from january 1 , 2013 through january 31 , 2013 , each of which are included elsewhere in this annual report on form 10-k , as if the acquisition and related financing had occurred on january 1 , 2013. the pro forma analysis is prepared and presented to aid in explaining the results of operations . the pro forma discussion follows the historical analysis of results of operations . 36 overview we are a leading global manufacturer , marketer and distributor of high performance coatings systems . we have a nearly 150 -year heritage in the coatings industry and are known for manufacturing high-quality products with well-recognized brands supported by market-leading technology and customer service . our diverse global footprint of 35 manufacturing facilities , 7 technology centers , 45 customer training centers and approximately 12,600 employees allows us to meet the needs of customers in over 130 countries . we serve our customer base through an extensive sales force and technical support organization , as well as through over 4,000 independent , locally based distributors . we operate our business in two segments , performance coatings and transportation coatings . our segments are based on the type and concentration of customers served , service requirements , methods of distribution and major product lines . through our performance coatings segment we provide high-quality liquid and powder coatings solutions to a fragmented and local customer base . we are one of only a few suppliers with the technology to provide precise color matching and highly durable coatings systems . the end-markets within this segment are refinish and industrial . through our transportation coatings segment we provide advanced coating technologies to oems of light and commercial vehicles . these increasingly global customers require a high level of technical support coupled with cost-effective , environmentally responsible coatings systems that can be applied with a high degree of precision , consistency and speed . the end-markets within this segment are light vehicle and commercial vehicle . on november 11 , 2014 , we priced our initial public offering ( the `` offering `` , or the `` ipo `` ) , in which certain selling shareholders affiliated with carlyle sold 57,500,000 common shares at a price of $ 19.50 per share . we received no proceeds from the offering . story_separator_special_tag upon the issuance of the senior notes and the entry into the senior secured credit facilities , the commitments under the bridge facility terminated . commitment fees related to the bridge facility of $ 21.0 million and associated fees of $ 4.0 million were expensed upon the termination of the bridge facility . in connection with the amendment to the senior secured credit facilities in february 2014 , we recognized $ 3.1 million of costs during the year ended december 31 , 2014. in addition to the credit facility amendment , we also incurred a $ 3.0 million loss on extinguishment of debt recognized during the successor year ended december 31 , 2014 , which resulted directly from the pro-rata write off of unamortized deferred financing costs and original issue discounts associated with the pay-down of $ 100.0 million of principal on the new dollar term loan ( discussed further at note 22 to the consolidated and combined financial statements included elsewhere in this annual report on form 10-k ) . ( d ) eliminates foreign exchange gains and losses resulting from the remeasurement of assets and liabilities denominated in foreign currencies , including a $ 19.4 million loss related to the acquisition date settlement of a foreign currency contract used to hedge the variability of euro-based financing . ( e ) for the successor periods ended december 31 , 2014 and 2013 , eliminates the non-service cost components of employee benefit costs . additionally , we deducted a pension curtailment gain of $ 7.3 million recorded during the successor year ended december 31 , 2014. for the predecessor period january 1 , 2013 through january 31 , 2013 and the predecessor year ended december 31 , 2012 , eliminates ( 1 ) all u.s. pension and other long-term employee benefit costs that were not assumed as part of the acquisition and ( 2 ) the non-service cost component of the pension and other long-term employee benefit costs . ( f ) represents expenses primarily related to employee termination benefits , including our initiative to improve the overall cost structure within the european region , and other employee-related costs . termination benefits include the costs associated with our headcount initiatives for establishment of new roles and elimination of old roles and other costs associated with cost saving opportunities that were related to our transition to a standalone entity . ( g ) represents fees paid to consultants , advisors , and other third-party professional organizations for professional services rendered in conjunction with the transition from dupont to a standalone entity . ( h ) represents charges associated with the transition from dupont to a standalone entity , including branding and marketing , information technology related costs , and facility transition costs . ( i ) represents costs associated with the ipo , including a $ 13.4 million pre-tax charge associated with the termination of the management agreement with carlyle investment management , l.l.c . , an affiliate of carlyle , upon the completion of the ipo . see note ( l ) below . ( j ) represents costs for certain unusual or non-operational ( gains ) and losses and the non-cash impact of natural gas and currency hedge losses allocated to dpc by dupont , stock-based compensation , asset impairments , equity investee dividends , indemnity ( income ) losses associated with the acquisition , gains resulting from amendments to long-term benefit plans and loss ( gain ) on sale and disposal of property , plant and equipment . ( k ) represents the payment of dividends to our joint venture partners by our consolidated entities that are not wholly owned . ( l ) pursuant to axalta 's management agreement with carlyle investment management , l.l.c . , for management and financial advisory services and oversight provided to axalta and its subsidiaries , axalta was required to pay an annual management fee of $ 3.0 million and out-of-pocket expenses . this agreement terminated upon completion of the ipo . 42 results of operations the following discussion should be read in conjunction with the information contained in the accompanying financial statements and related notes included elsewhere in this annual report on form 10-k. our historical results of operations set forth below may not necessarily reflect what would have occurred if we had been a separate standalone entity prior to the acquisition or what will occur in the future . successor year ended december 31 , 2014 compared to successor year ended december 31 , 2013 , predecessor period january 1 , 2013 through january 31 , 2013 , and the pro forma year ended december 31 , 2013 the following table was derived from the successor 's consolidated statements of operations for the years ended december 31 , 2014 and 2013 and from the predecessor 's combined statement of operations for the period from january 1 , 2013 through january 31 , 2013 included elsewhere in this annual report on form 10-k. it should be noted that the results of operations for the successor year ended december 31 , 2013 only include the results of dpc from the date of the acquisition . prior to the acquisition , axalta generated no revenue and only incurred merger and acquisition related costs and debt financing costs in anticipation of the acquisition . we have also presented pro forma financial results for the year ended december 31 , 2013 as if the acquisition and the related financing had occurred on january 1 , 2013. we believe this information , and the related comparisons , provide a more meaningful comparison for the years presented . replace_table_token_5_th net sales historical : net sales were $ 4,361.7 million for the successor year ended december 31 , 2014 compared to net sales of $ 3,951.1 million for the successor year ended december 31 , 2013 and $ 326.2 million for the predecessor period january 1 , 2013 through january 31 , 2013. our net sales growth

cash flows successor years ended december 31 , 2014 and 2013 as well as the successor period from august 24 through december 31 , 2012 and predecessor year ended december 31 , 2012 and predecessor period from january 1 through january 31 , 2013. replace_table_token_9_th year ended december 31 , 2014 ( successor ) net cash provided by operating activities net cash provided by operating activities for the year ended december 31 , 2014 was $ 251.4 million . net income before deducting depreciation , amortization and other non-cash items generated cash of $ 390.1 million . t his was partially offset by net increases in working capital of $ 138.7 million . the most significant drivers in working capital were increases in receivables , inventory and other assets of $ 119.0 million due primarily to increased net sales and inventory builds to support ongoing operational demands compared to the year ended december 31 , 2013 , as well as , reductions of other accrued liabilities of $ 54.8 million primarily related to the payment of nonrecurring transition-related costs , including restructuring costs , partially offset by a $ 53.6 million increase in accounts payable . net cash used for investing activities net cash used for investing activities for the year ended december 31 , 2014 was $ 178.5 million . this use was driven primarily by purchases of property , plant and equipment of $ 188.4 million , the purchase of increased ownership in a majority owned joint venture of $ 6.5 million and an increase of $ 4.7 million in restricted cash , partially offset by $ 21.3 million of proceeds from sales of assets . purchases of property , plant and equipment includes approxima tely $ 74.8 million a ssociated with our transition-related capital projects including our information technology systems and finalization of our transition of our global office relocations . 56 net cash used for financing activities net cash used for financing activities for the year ended december 31 , 2014 was $ 123.2 million . th e change was primarily driven by repayments of term lo ans of $ 121.1 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.
     ```cash flows successor years ended december 31 , 2014 and 2013 as well as the successor period from august 24 through december 31 , 2012 and predecessor year ended december 31 , 2012 and predecessor period from january 1 through january 31 , 2013. replace_table_token_9_th year ended december 31 , 2014 ( successor ) net cash provided by operating activities net cash provided by operating activities for the year ended december 31 , 2014 was $ 251.4 million . net income before deducting depreciation , amortization and other non-cash items generated cash of $ 390.1 million . t his was partially offset by net increases in working capital of $ 138.7 million . the most significant drivers in working capital were increases in receivables , inventory and other assets of $ 119.0 million due primarily to increased net sales and inventory builds to support ongoing operational demands compared to the year ended december 31 , 2013 , as well as , reductions of other accrued liabilities of $ 54.8 million primarily related to the payment of nonrecurring transition-related costs , including restructuring costs , partially offset by a $ 53.6 million increase in accounts payable . net cash used for investing activities net cash used for investing activities for the year ended december 31 , 2014 was $ 178.5 million . this use was driven primarily by purchases of property , plant and equipment of $ 188.4 million , the purchase of increased ownership in a majority owned joint venture of $ 6.5 million and an increase of $ 4.7 million in restricted cash , partially offset by $ 21.3 million of proceeds from sales of assets . purchases of property , plant and equipment includes approxima tely $ 74.8 million a ssociated with our transition-related capital projects including our information technology systems and finalization of our transition of our global office relocations . 56 net cash used for financing activities net cash used for financing activities for the year ended december 31 , 2014 was $ 123.2 million . th e change was primarily driven by repayments of term lo ans of $ 121.1 million .
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 Suspicious Activity Report : charges related to being a public company ; any statements of belief and any statements of assumptions underlying any of the foregoing ; carlyle 's ability to control our common shares ; other factors disclosed in this annual report on form 10-k ; and other factors beyond our control . these cautionary statements should not be construed by you to be exhaustive and are made only as of the date of this annual report on form 10-k. we undertake no obligation to update or revise any forward-looking statements , whether as a result of new information , future events or otherwise . basis of presentation axalta 's consolidated financial statements as of december 31 , 2014 and 2013 , and for the years ended december 31 , 2014 and 2013 and the period from august 24 , 2012 through december 31 , 2012 , included elsewhere in this annual report on form 10-k , represent those of the successor . the consolidated financial statements of axalta were prepared using the acquisition method of accounting . under the acquisition method of accounting , tangible and identifiable intangible assets acquired and liabilities assumed are recorded at their respective fair market values as of the date of the acquisition , with any purchase price in excess of the net assets acquired recorded as goodwill . because axalta was formed on august 24 , 2012 for the purpose of consummating the acquisition , it has no financial statements as of or for periods ended prior to that date . prior to the acquisition , axalta generated no revenue and only incurred merger and acquisition related costs and debt financing costs in anticipation of the acquisition . the combined financial statements of dpc for the period from january 1 , 2013 through january 31 , 2013 and for the year ended december 31 , 2012 , included elsewhere in this annual report on form 10-k , represent those of the predecessor . as a result of the application of acquisition accounting as of the date of the acquisition , the financial statements for the successor periods and the predecessor periods are presented on a different basis and , therefore , may not be comparable . during the predecessor periods , dpc operated either as a reportable segment or part of a reportable segment within dupont , consequently , standalone financial statements were not historically prepared for dpc . the accompanying combined financial statements of dpc have been prepared from dupont 's historical accounting records and are presented on a standalone basis as if the operations had been conducted independently from dupont . in this context , prior to pre-acquisition structuring that occurred in 2012 , no direct ownership relationship existed among all of the various legal entities comprising dpc . accordingly , dupont and its subsidiaries ' net investment in these operations is shown in lieu of shareholders ' equity in the predecessor combined financial statements . the predecessor combined financial statements include the historical operations and assets and liabilities of the legal entities that are considered to comprise the dpc business . for more information on the financial statements for our successor period and predecessor period , see note 2 to the consolidated and combined financial statements included elsewhere in this annual report on form 10-k. in addition to the historical analysis of results of operations , we have prepared unaudited supplemental pro forma results of operations for the year ended december 31 , 2013 , derived from our audited financial statements for the year ended december 31 , 2013 and the audited financial statements for the dpc business for the period from january 1 , 2013 through january 31 , 2013 , each of which are included elsewhere in this annual report on form 10-k , as if the acquisition and related financing had occurred on january 1 , 2013. the pro forma analysis is prepared and presented to aid in explaining the results of operations . the pro forma discussion follows the historical analysis of results of operations . 36 overview we are a leading global manufacturer , marketer and distributor of high performance coatings systems . we have a nearly 150 -year heritage in the coatings industry and are known for manufacturing high-quality products with well-recognized brands supported by market-leading technology and customer service . our diverse global footprint of 35 manufacturing facilities , 7 technology centers , 45 customer training centers and approximately 12,600 employees allows us to meet the needs of customers in over 130 countries . we serve our customer base through an extensive sales force and technical support organization , as well as through over 4,000 independent , locally based distributors . we operate our business in two segments , performance coatings and transportation coatings . our segments are based on the type and concentration of customers served , service requirements , methods of distribution and major product lines . through our performance coatings segment we provide high-quality liquid and powder coatings solutions to a fragmented and local customer base . we are one of only a few suppliers with the technology to provide precise color matching and highly durable coatings systems . the end-markets within this segment are refinish and industrial . through our transportation coatings segment we provide advanced coating technologies to oems of light and commercial vehicles . these increasingly global customers require a high level of technical support coupled with cost-effective , environmentally responsible coatings systems that can be applied with a high degree of precision , consistency and speed . the end-markets within this segment are light vehicle and commercial vehicle . on november 11 , 2014 , we priced our initial public offering ( the `` offering `` , or the `` ipo `` ) , in which certain selling shareholders affiliated with carlyle sold 57,500,000 common shares at a price of $ 19.50 per share . we received no proceeds from the offering . story_separator_special_tag upon the issuance of the senior notes and the entry into the senior secured credit facilities , the commitments under the bridge facility terminated . commitment fees related to the bridge facility of $ 21.0 million and associated fees of $ 4.0 million were expensed upon the termination of the bridge facility . in connection with the amendment to the senior secured credit facilities in february 2014 , we recognized $ 3.1 million of costs during the year ended december 31 , 2014. in addition to the credit facility amendment , we also incurred a $ 3.0 million loss on extinguishment of debt recognized during the successor year ended december 31 , 2014 , which resulted directly from the pro-rata write off of unamortized deferred financing costs and original issue discounts associated with the pay-down of $ 100.0 million of principal on the new dollar term loan ( discussed further at note 22 to the consolidated and combined financial statements included elsewhere in this annual report on form 10-k ) . ( d ) eliminates foreign exchange gains and losses resulting from the remeasurement of assets and liabilities denominated in foreign currencies , including a $ 19.4 million loss related to the acquisition date settlement of a foreign currency contract used to hedge the variability of euro-based financing . ( e ) for the successor periods ended december 31 , 2014 and 2013 , eliminates the non-service cost components of employee benefit costs . additionally , we deducted a pension curtailment gain of $ 7.3 million recorded during the successor year ended december 31 , 2014. for the predecessor period january 1 , 2013 through january 31 , 2013 and the predecessor year ended december 31 , 2012 , eliminates ( 1 ) all u.s. pension and other long-term employee benefit costs that were not assumed as part of the acquisition and ( 2 ) the non-service cost component of the pension and other long-term employee benefit costs . ( f ) represents expenses primarily related to employee termination benefits , including our initiative to improve the overall cost structure within the european region , and other employee-related costs . termination benefits include the costs associated with our headcount initiatives for establishment of new roles and elimination of old roles and other costs associated with cost saving opportunities that were related to our transition to a standalone entity . ( g ) represents fees paid to consultants , advisors , and other third-party professional organizations for professional services rendered in conjunction with the transition from dupont to a standalone entity . ( h ) represents charges associated with the transition from dupont to a standalone entity , including branding and marketing , information technology related costs , and facility transition costs . ( i ) represents costs associated with the ipo , including a $ 13.4 million pre-tax charge associated with the termination of the management agreement with carlyle investment management , l.l.c . , an affiliate of carlyle , upon the completion of the ipo . see note ( l ) below . ( j ) represents costs for certain unusual or non-operational ( gains ) and losses and the non-cash impact of natural gas and currency hedge losses allocated to dpc by dupont , stock-based compensation , asset impairments , equity investee dividends , indemnity ( income ) losses associated with the acquisition , gains resulting from amendments to long-term benefit plans and loss ( gain ) on sale and disposal of property , plant and equipment . ( k ) represents the payment of dividends to our joint venture partners by our consolidated entities that are not wholly owned . ( l ) pursuant to axalta 's management agreement with carlyle investment management , l.l.c . , for management and financial advisory services and oversight provided to axalta and its subsidiaries , axalta was required to pay an annual management fee of $ 3.0 million and out-of-pocket expenses . this agreement terminated upon completion of the ipo . 42 results of operations the following discussion should be read in conjunction with the information contained in the accompanying financial statements and related notes included elsewhere in this annual report on form 10-k. our historical results of operations set forth below may not necessarily reflect what would have occurred if we had been a separate standalone entity prior to the acquisition or what will occur in the future . successor year ended december 31 , 2014 compared to successor year ended december 31 , 2013 , predecessor period january 1 , 2013 through january 31 , 2013 , and the pro forma year ended december 31 , 2013 the following table was derived from the successor 's consolidated statements of operations for the years ended december 31 , 2014 and 2013 and from the predecessor 's combined statement of operations for the period from january 1 , 2013 through january 31 , 2013 included elsewhere in this annual report on form 10-k. it should be noted that the results of operations for the successor year ended december 31 , 2013 only include the results of dpc from the date of the acquisition . prior to the acquisition , axalta generated no revenue and only incurred merger and acquisition related costs and debt financing costs in anticipation of the acquisition . we have also presented pro forma financial results for the year ended december 31 , 2013 as if the acquisition and the related financing had occurred on january 1 , 2013. we believe this information , and the related comparisons , provide a more meaningful comparison for the years presented . replace_table_token_5_th net sales historical : net sales were $ 4,361.7 million for the successor year ended december 31 , 2014 compared to net sales of $ 3,951.1 million for the successor year ended december 31 , 2013 and $ 326.2 million for the predecessor period january 1 , 2013 through january 31 , 2013. our net sales growth

