additionally , during 2012 the company 's airlines provided eight other boeing 767 aircraft and one boeing 757 aircraft to dhl under contracts and arrangements having durations of one year or less . the u.s. military comprised 16 % , 12 % and 14 % of the company 's consolidated revenues during the years ended december 31 , 2012 , 2011 and 2010 , respectively . the company 's airlines con tract their services to the air mobility command ( `` amc `` ) , through the u.s. transportation command ( `` ustc `` ) both of which are organized under the u.s. military . a substantial portion of the company 's revenues and cash flows have historically been derived from providing airlift in north america to bax global , inc. , an affiliate of db schenker ( `` bax/schenker `` ) . bax/schenker is a specialized heavy weight , business to business shipper . in july 2011 , bax/schenker announced its plans to adopt a new operating model that phased out the dedicated air cargo network in north america supported by the company . in september 2011 , bax/schenker ceased air cargo operations at its air hub in toledo , ohio and began to conduct air operations from the cincinnati/northern kentucky airport , utilizing dhl 's u.s. air hub . instead of dedicated aircraft , bax/schenker now utilizes dhl and other delivery services for its air transportation delivery requirements . the company ceased providing services to bax/schenker as of the end of 2011. the company 's revenues from 21 the services performed for bax/schenker , derived primarily by providing boeing 727 and dc-8 airlift , were $ 187.0 million and $ 194.3 million for the years ended december 31 , 2011 and 2010 , respectively . the company 's revenues from bax/schenker comprised approximately 26 % and 29 % of the company 's total revenues during the years ended december 31 , 2011 and 2010 , respectively , ( 15 % and 18 % of total revenues , excluding directly reimbursable revenues ) . the company has two reportable segments : acmi services , which primarily includes the cargo transportation operations of its three airlines and the cam segment . the company 's other business operations , which primarily provide support services to the transportation industry , include aircraft maintenance , aircraft parts sales , ground equipment leasing and mail handling services . these operations do not constitute reportable segments due to their size . results of operations summary the consolidated net earnings from continuing operations were $ 41.6 million and $ 23.9 million for 2012 and 2011 , respectively . the pre-tax earnings from continuing operations were $ 66.3 million and $ 40.9 million for 2012 and 2011 , respectively . the increase in earnings from continuing operations in 2012 as compared to 2011 was primarily due to the 2011 recognition of asset impairment charges of $ 27.1 million , interest rate derivative losses of $ 4.9 million and the write-off of $ 2.9 million of unamortized debt issuance related to the refinancing of the company 's debt in 2011. adjusted pre-tax earnings from continuing operations , a non-gaap measure ( a definition and reconciliation of adjusted pre-tax earnings is shown below ) , after removing impairment charges , net derivative gains or losses and charges related to debt refinancing was $ 64.4 million for 2012 compared to $ 75.8 million for 2011. the adjusted pre-tax earnings in 2012 compared to 2011 was bolstered by increased operations for the company 's boeing 767 and boeing 757 aircraft , but were negatively impacted by the discontinuation of the bax/schenker north american air network in the fourth quarter of 2011. total customer revenues from continuing operations decreased by $ 122.7 million to $ 607.4 million during 2012 compared to 2011. the decline reflects $ 187.0 million of revenues during 2011 from services for the bax/schenker air network which was discontinued . revenues from reimbursed fuel and other reimbursed operating expenses declined by $ 85.7 million during 2012 compared to 2011. these declines were also primarily due to the discontinuation of the bax/schenker air network . excluding directly reimbursed revenues , customer revenues decreased by $ 37.0 million during 2012 compared to 2011. revenue from the deployment of additional boeing 767 and boeing 757 aircraft by acmi services during 2012 , was more than offset by the revenue decline from the discontinuation of the bax/schenker air network . 22 a summary of our revenues and pre-tax earnings from continuing operations is shown below ( in thousands ) : replace_table_token_4_th reimbursable revenues include certain operating costs that are reimbursed to the airlines by their customers . such costs include fuel expense , landing fees and certain aircraft maintenance expenses . the types of costs that are reimbursed varies by customer operating agreement . adjusted pre-tax earnings , a non-gaap measure , is pre-tax earnings excluding asset impairment charges , interest rate derivative gains and losses , the write-off of debt issuance costs and earnings from the termination of the severance and retention agreement ( `` s & r agreement `` ) with dhl in march 2010. management uses adjusted pre-tax earnings to compare the performance of core operating results between periods . adjusted pre-tax earnings , should not be considered in isolation or as a substitute for analysis of the company 's results as reported under gaap . cam through the cam subsidiary , we offer aircraft leasing to external customers and also lease aircraft internally to the company 's airlines . aircraft leases normally cover a term of five to seven years . in a typical leasing agreement , customers pay rent and maintenance deposits on a monthly basis . as of december 31 , 2012 , cam had 48 aircraft in serviceable condition , 28 of them leased internally to the company 's airlines . story_separator_special_tag an additional boeing 767-300 aircraft beginning in may 2012. rent expense was not significantly affected by the discontinuation of the bax/schenker north american air network because the company did not lease the aircraft used in that network . landing and ramp expense , which includes the cost of deicing chemicals , decreased by $ 6.7 million during 2012 compared to 2011. the decrease during 2012 reflects the discontinuation of the bax/schenker north american air network in the fourth quarter of 2011. insurance expense decreased by $ 1.6 million during 2012 compared to 2011 , primarily due to the reduction in boeing 727 and dc-8 aircraft during 2012 and the fourth quarter of 2011. other operating expenses include professional fees , navigational services , employee training , utilities and the cost of parts sold to customers . other operating expenses decreased by $ 2.2 million during 2012 compared to 2011. during 2012 , increased expenses for international aircraft operations were offset by lower costs stemming from the discontinuation of the bax/schenker north american air network . interest expense increased by $ 0.2 million during 2012 compared to 2011. interest expense was higher in 2012 compared to 2011 primarily due to an increase in the amount of borrowings under the revolving credit loan offset by lower interest rates . interest rates on the company 's variable interest , unsubordinated term loan decreased to 2.47 % at december 31 , 2012 from 2.58 % at december 31 , 2011. we expect interest expense to increase during 2013 due to a higher level of debt which is being used to expand the company 's aircraft fleet . during 2012 , the company recorded pre-tax net gains on derivatives of $ 1.9 million compared to pre-tax net losses on derivatives of $ 4.9 million during 2011 , reflecting the impact of higher market interest rates since december 31 , 2011 on the interest rate swaps held by the company at december 31 , 2012. in 2011 , the company executed a senior credit agreement replacing its previous credit agreement . during 2011 , the company wrote off $ 2.9 million of unamortized debt issuance costs associated with the former credit agreement . during 2011 , the company terminated its hedge accounting of interest rate swaps related to the former term loan , which resulted in the recognition of $ 3.9 million of pre-tax losses which had previously been reflected in other comprehensive income . the effective tax rate from continuing operations for the year ended december 31 , 2012 was 37.2 % compared to 41.6 % for 2011. the effective tax rate from continuing operations in 2011 was affected by impairment charges that are not deductible for federal income tax purposes . the company 's effective tax rate from continuing operations was approximately 39 % for the year ended december 31 , 2011 after adjusting for $ 2.8 million of non-deductible impairment charges . the decline in the effective tax rate from continuing operations for 2012 compared to 2011 was also a result of decreased state income taxes for 2012 as a result of the the discontinuation of services for bax/schenker 's north american air network during 2011. we estimate that the company 's effective tax rate for 2013 will be approximately 37.5 % . as of december 31 , 2012 , the company had operating loss carryforwards for u.s. federal income tax purposes of approximately $ 93.4 million , which will begin to expire in 2024 if not utilized before then . we expect to utilize the loss carryforwards to offset federal income tax liabilities in the future . as a result , we do not expect to pay federal income taxes through 2014 or later . the company may , however , be required to pay alternative minimum taxes and certain state and local income taxes before then . the company 's taxable income earned from international flights are primarily sourced to the united states under international aviation agreements and treaties . if we begin to operate in countries without such agreements , the company could incur additional foreign income taxes . 2011 compared to 2010 summary the consolidated net earnings from continuing operations were $ 23.9 million and $ 39.9 million for 2011 and 2010 , respectively . the pre-tax earnings from continuing operations for 2011 were $ 40.9 million , inclusive of asset impairment 28 charges and interest rate derivative losses during 2011 , compared to pre-tax earnings of $ 63.3 million in 2010 , in which no impairment charges or derivative losses were recorded . the decline in earnings from continuing operations in 2011 as compared to 2010 resulted primarily from the recognition of asset impairment charges of $ 27.1 million , interest rate derivative losses of $ 4.9 million and the write-off of $ 2.9 million of unamortized debt issuance costs related to the refinancing of the company 's debt in 2011. adjusted pre-tax earnings from continuing operations , a non-gaap measure ( see reconciliation table below ) , after removing impairment charges , net derivative losses and charges related to debt refinancing was $ 75.8 million for 2011 compared to $ 59.8 million for 2010 after removing pre-tax earnings related to dhl 's restructuring . the improved earnings , as adjusted , over 2010 , was driven primarily by cam , which placed five additional aircraft under external customer leases since december 31 , 2010. the company provided limited airlift directly to bax/schenker from september 2011 through the peak delivery season , until late december 2011. beginning in january 2012 , dhl contracted with the company 's airlines to supplement dhl 's u.s. air network to service bax/schenker freight volumes on its expanded air network without use of the company 's dc-8 aircraft and with only limited use of boeing 727 aircraft . the company 's impairment charges in 2011 stemming from bax/schenker 's 2011 transition to a new u.s. business model are described below : - $

net cash generated from operating activities totaled $ 110.6 million , $ 136.1 million and $ 112.3 million in 2012 , 2011 and 2010 , respectively . cash flows generated from operating activities decreased in 2012 compared to 2011 primarily reflecting payments to vendors associated with the wind-down of the bax/schenker operations , the timing of cash collections from customers and additional pension contributions . cash outlays for pension contributions were $ 24.7 million , $ 18.0 million and $ 36.6 million in 2012 , 2011 and 2010 , respectively . during 2010 , cash flows included the receipt from dhl of amounts in reimbursement for severance payments made to employees and costs incurred arising from the termination of abx 's former contracts with dhl . capital spending levels were primarily the result of aircraft modification costs and the acquisition of aircraft for 33 freighter modification . cash payments for capital expenditures were $ 155.2 million , $ 213.1 million and $ 110.7 million in 2012 , 2011 and 2010 , respectively . capital expenditures in 2012 included $ 134.9 million for the acquisition of two boeing 767-300 aircraft and one boeing 757 aircraft and the costs of aircraft modifications , $ 11.3 million for required heavy maintenance and $ 9.0 million for other equipment costs . our capital expenditures in 2011 included $ 184.3 million for the acquisition and modification of aircraft , $ 21.9 million for required heavy maintenance and $ 6.9 million for other equipment costs . our capital expenditures in 2010 included $ 74.8 million for the acquisition and modification of aircraft , $ 29.9 million for required heavy maintenance and $ 6.0 million for other equipment costs .


 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 generated from operating activities totaled $ 110.6 million , $ 136.1 million and $ 112.3 million in 2012 , 2011 and 2010 , respectively . cash flows generated from operating activities decreased in 2012 compared to 2011 primarily reflecting payments to vendors associated with the wind-down of the bax/schenker operations , the timing of cash collections from customers and additional pension contributions . cash outlays for pension contributions were $ 24.7 million , $ 18.0 million and $ 36.6 million in 2012 , 2011 and 2010 , respectively . during 2010 , cash flows included the receipt from dhl of amounts in reimbursement for severance payments made to employees and costs incurred arising from the termination of abx 's former contracts with dhl . capital spending levels were primarily the result of aircraft modification costs and the acquisition of aircraft for 33 freighter modification . cash payments for capital expenditures were $ 155.2 million , $ 213.1 million and $ 110.7 million in 2012 , 2011 and 2010 , respectively . capital expenditures in 2012 included $ 134.9 million for the acquisition of two boeing 767-300 aircraft and one boeing 757 aircraft and the costs of aircraft modifications , $ 11.3 million for required heavy maintenance and $ 9.0 million for other equipment costs . our capital expenditures in 2011 included $ 184.3 million for the acquisition and modification of aircraft , $ 21.9 million for required heavy maintenance and $ 6.9 million for other equipment costs . our capital expenditures in 2010 included $ 74.8 million for the acquisition and modification of aircraft , $ 29.9 million for required heavy maintenance and $ 6.0 million for other equipment costs .
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 Suspicious Activity Report : additionally , during 2012 the company 's airlines provided eight other boeing 767 aircraft and one boeing 757 aircraft to dhl under contracts and arrangements having durations of one year or less . the u.s. military comprised 16 % , 12 % and 14 % of the company 's consolidated revenues during the years ended december 31 , 2012 , 2011 and 2010 , respectively . the company 's airlines con tract their services to the air mobility command ( `` amc `` ) , through the u.s. transportation command ( `` ustc `` ) both of which are organized under the u.s. military . a substantial portion of the company 's revenues and cash flows have historically been derived from providing airlift in north america to bax global , inc. , an affiliate of db schenker ( `` bax/schenker `` ) . bax/schenker is a specialized heavy weight , business to business shipper . in july 2011 , bax/schenker announced its plans to adopt a new operating model that phased out the dedicated air cargo network in north america supported by the company . in september 2011 , bax/schenker ceased air cargo operations at its air hub in toledo , ohio and began to conduct air operations from the cincinnati/northern kentucky airport , utilizing dhl 's u.s. air hub . instead of dedicated aircraft , bax/schenker now utilizes dhl and other delivery services for its air transportation delivery requirements . the company ceased providing services to bax/schenker as of the end of 2011. the company 's revenues from 21 the services performed for bax/schenker , derived primarily by providing boeing 727 and dc-8 airlift , were $ 187.0 million and $ 194.3 million for the years ended december 31 , 2011 and 2010 , respectively . the company 's revenues from bax/schenker comprised approximately 26 % and 29 % of the company 's total revenues during the years ended december 31 , 2011 and 2010 , respectively , ( 15 % and 18 % of total revenues , excluding directly reimbursable revenues ) . the company has two reportable segments : acmi services , which primarily includes the cargo transportation operations of its three airlines and the cam segment . the company 's other business operations , which primarily provide support services to the transportation industry , include aircraft maintenance , aircraft parts sales , ground equipment leasing and mail handling services . these operations do not constitute reportable segments due to their size . results of operations summary the consolidated net earnings from continuing operations were $ 41.6 million and $ 23.9 million for 2012 and 2011 , respectively . the pre-tax earnings from continuing operations were $ 66.3 million and $ 40.9 million for 2012 and 2011 , respectively . the increase in earnings from continuing operations in 2012 as compared to 2011 was primarily due to the 2011 recognition of asset impairment charges of $ 27.1 million , interest rate derivative losses of $ 4.9 million and the write-off of $ 2.9 million of unamortized debt issuance related to the refinancing of the company 's debt in 2011. adjusted pre-tax earnings from continuing operations , a non-gaap measure ( a definition and reconciliation of adjusted pre-tax earnings is shown below ) , after removing impairment charges , net derivative gains or losses and charges related to debt refinancing was $ 64.4 million for 2012 compared to $ 75.8 million for 2011. the adjusted pre-tax earnings in 2012 compared to 2011 was bolstered by increased operations for the company 's boeing 767 and boeing 757 aircraft , but were negatively impacted by the discontinuation of the bax/schenker north american air network in the fourth quarter of 2011. total customer revenues from continuing operations decreased by $ 122.7 million to $ 607.4 million during 2012 compared to 2011. the decline reflects $ 187.0 million of revenues during 2011 from services for the bax/schenker air network which was discontinued . revenues from reimbursed fuel and other reimbursed operating expenses declined by $ 85.7 million during 2012 compared to 2011. these declines were also primarily due to the discontinuation of the bax/schenker air network . excluding directly reimbursed revenues , customer revenues decreased by $ 37.0 million during 2012 compared to 2011. revenue from the deployment of additional boeing 767 and boeing 757 aircraft by acmi services during 2012 , was more than offset by the revenue decline from the discontinuation of the bax/schenker air network . 22 a summary of our revenues and pre-tax earnings from continuing operations is shown below ( in thousands ) : replace_table_token_4_th reimbursable revenues include certain operating costs that are reimbursed to the airlines by their customers . such costs include fuel expense , landing fees and certain aircraft maintenance expenses . the types of costs that are reimbursed varies by customer operating agreement . adjusted pre-tax earnings , a non-gaap measure , is pre-tax earnings excluding asset impairment charges , interest rate derivative gains and losses , the write-off of debt issuance costs and earnings from the termination of the severance and retention agreement ( `` s & r agreement `` ) with dhl in march 2010. management uses adjusted pre-tax earnings to compare the performance of core operating results between periods . adjusted pre-tax earnings , should not be considered in isolation or as a substitute for analysis of the company 's results as reported under gaap . cam through the cam subsidiary , we offer aircraft leasing to external customers and also lease aircraft internally to the company 's airlines . aircraft leases normally cover a term of five to seven years . in a typical leasing agreement , customers pay rent and maintenance deposits on a monthly basis . as of december 31 , 2012 , cam had 48 aircraft in serviceable condition , 28 of them leased internally to the company 's airlines . story_separator_special_tag an additional boeing 767-300 aircraft beginning in may 2012. rent expense was not significantly affected by the discontinuation of the bax/schenker north american air network because the company did not lease the aircraft used in that network . landing and ramp expense , which includes the cost of deicing chemicals , decreased by $ 6.7 million during 2012 compared to 2011. the decrease during 2012 reflects the discontinuation of the bax/schenker north american air network in the fourth quarter of 2011. insurance expense decreased by $ 1.6 million during 2012 compared to 2011 , primarily due to the reduction in boeing 727 and dc-8 aircraft during 2012 and the fourth quarter of 2011. other operating expenses include professional fees , navigational services , employee training , utilities and the cost of parts sold to customers . other operating expenses decreased by $ 2.2 million during 2012 compared to 2011. during 2012 , increased expenses for international aircraft operations were offset by lower costs stemming from the discontinuation of the bax/schenker north american air network . interest expense increased by $ 0.2 million during 2012 compared to 2011. interest expense was higher in 2012 compared to 2011 primarily due to an increase in the amount of borrowings under the revolving credit loan offset by lower interest rates . interest rates on the company 's variable interest , unsubordinated term loan decreased to 2.47 % at december 31 , 2012 from 2.58 % at december 31 , 2011. we expect interest expense to increase during 2013 due to a higher level of debt which is being used to expand the company 's aircraft fleet . during 2012 , the company recorded pre-tax net gains on derivatives of $ 1.9 million compared to pre-tax net losses on derivatives of $ 4.9 million during 2011 , reflecting the impact of higher market interest rates since december 31 , 2011 on the interest rate swaps held by the company at december 31 , 2012. in 2011 , the company executed a senior credit agreement replacing its previous credit agreement . during 2011 , the company wrote off $ 2.9 million of unamortized debt issuance costs associated with the former credit agreement . during 2011 , the company terminated its hedge accounting of interest rate swaps related to the former term loan , which resulted in the recognition of $ 3.9 million of pre-tax losses which had previously been reflected in other comprehensive income . the effective tax rate from continuing operations for the year ended december 31 , 2012 was 37.2 % compared to 41.6 % for 2011. the effective tax rate from continuing operations in 2011 was affected by impairment charges that are not deductible for federal income tax purposes . the company 's effective tax rate from continuing operations was approximately 39 % for the year ended december 31 , 2011 after adjusting for $ 2.8 million of non-deductible impairment charges . the decline in the effective tax rate from continuing operations for 2012 compared to 2011 was also a result of decreased state income taxes for 2012 as a result of the the discontinuation of services for bax/schenker 's north american air network during 2011. we estimate that the company 's effective tax rate for 2013 will be approximately 37.5 % . as of december 31 , 2012 , the company had operating loss carryforwards for u.s. federal income tax purposes of approximately $ 93.4 million , which will begin to expire in 2024 if not utilized before then . we expect to utilize the loss carryforwards to offset federal income tax liabilities in the future . as a result , we do not expect to pay federal income taxes through 2014 or later . the company may , however , be required to pay alternative minimum taxes and certain state and local income taxes before then . the company 's taxable income earned from international flights are primarily sourced to the united states under international aviation agreements and treaties . if we begin to operate in countries without such agreements , the company could incur additional foreign income taxes . 2011 compared to 2010 summary the consolidated net earnings from continuing operations were $ 23.9 million and $ 39.9 million for 2011 and 2010 , respectively . the pre-tax earnings from continuing operations for 2011 were $ 40.9 million , inclusive of asset impairment 28 charges and interest rate derivative losses during 2011 , compared to pre-tax earnings of $ 63.3 million in 2010 , in which no impairment charges or derivative losses were recorded . the decline in earnings from continuing operations in 2011 as compared to 2010 resulted primarily from the recognition of asset impairment charges of $ 27.1 million , interest rate derivative losses of $ 4.9 million and the write-off of $ 2.9 million of unamortized debt issuance costs related to the refinancing of the company 's debt in 2011. adjusted pre-tax earnings from continuing operations , a non-gaap measure ( see reconciliation table below ) , after removing impairment charges , net derivative losses and charges related to debt refinancing was $ 75.8 million for 2011 compared to $ 59.8 million for 2010 after removing pre-tax earnings related to dhl 's restructuring . the improved earnings , as adjusted , over 2010 , was driven primarily by cam , which placed five additional aircraft under external customer leases since december 31 , 2010. the company provided limited airlift directly to bax/schenker from september 2011 through the peak delivery season , until late december 2011. beginning in january 2012 , dhl contracted with the company 's airlines to supplement dhl 's u.s. air network to service bax/schenker freight volumes on its expanded air network without use of the company 's dc-8 aircraft and with only limited use of boeing 727 aircraft . the company 's impairment charges in 2011 stemming from bax/schenker 's 2011 transition to a new u.s. business model are described below : - $

