our gross margin continued to be impacted by higher product input costs , including materials and labor , which more than offset the positive impacts of higher product selling prices , the growth of our direct to consumer business and benefits from ongoing product cost reduction initiatives . for fiscal 2012 , the growth of our net income was negatively affected by a year-over-year increase in our effective tax rate . however , diluted earnings per share grew at a higher rate than net income due to a 3 % decrease in the weighted average number of diluted common shares outstanding , driven by share repurchases during fiscal 2012 and 2011. as part of our long-term growth strategy , we continually evaluate our existing portfolio of businesses to ensure the company is investing in those businesses that are accretive to the nike brand , and with the largest growth potential and highest returns . on may 31 , 2012 , we announced our intention to divest of the cole haan and umbro businesses , which will allow us to focus our resources on driving growth in the nike , jordan , converse and hurley brands . for additional details , refer to our other businesses section below . while we will continue to face headwinds from higher input costs and foreign exchange volatility in fiscal 2013 , we continue to see opportunities to drive future growth and remain committed to effectively managing our business to achieve our financial goals over the long-term , by executing against the operational strategies outlined above . results of operations replace_table_token_5_th 16 consolidated operating results revenues replace_table_token_6_th ( 1 ) results have been restated using actual exchange rates in use during the comparative period to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations . ( 2 ) corporate revenues primarily consist of intercompany revenue eliminations and foreign currency revenue-related hedge gains and losses generated by entities within the nike brand geographic operating segments and certain other businesses through our centrally managed foreign exchange risk management program . ( 3 ) references to nike brand wholesale equivalent revenues are intended to provide context as to the overall current nike brand market footprint on a wholesale revenue basis . nike brand wholesale equivalent revenues consist of 1 ) sales to external wholesale customers and 2 ) internal sales from our wholesale operations to our direct to consumer operations at prices that are comparable to prices charged to external wholesale customers . nike brand wholesale equivalent revenues do not include the estimation of sales made by nike brand licensees as the amounts are not material . ( 4 ) others include all other categories and certain adjustments that are not allocated at the category level . 17 fiscal 2012 compared to fiscal 2011 on a currency neutral basis , revenues for nike , inc. grew 14 % for fiscal 2012 , driven by increases in revenues for both the nike brand and our other businesses . excluding the effects of changes in currency exchange rates , revenues for the nike brand increased 15 % , as every nike brand geography delivered higher revenues for fiscal 2012. north america contributed approximately 7 percentage points to the nike brand revenue increase , while the emerging markets and greater china geographies contributed approximately 4 and 2 percentage points to the nike brand revenue growth , respectively . revenues for our other businesses grew 11 % during fiscal 2012 , contributing 1 percentage point of our consolidated revenue growth . excluding the effects of changes in currency exchange rates , nike brand footwear and apparel revenue increased 15 % and 13 % , respectively , while nike brand equipment revenues increased 16 % during fiscal 2012. continuing to fuel the growth of our nike brand footwear business was the increased demand for performance products , including the nike lunar and free technologies . the increase in nike brand footwear revenue for fiscal 2012 was attributable to double-digit percentage growth in unit sales along with a low-single-digit percentage increase in average selling price per pair , primarily reflecting the favorable impact from product price increases , partially offset by higher discounts on close-out sales . the overall increase in footwear sales was driven by growth across all key categories , notably running , sportswear and basketball . for nike brand apparel , the increase in revenue for fiscal 2012 was driven by mid-single-digit percentage increases in both unit sales and average selling prices . the increase in average selling prices was primarily driven by product price increases , partially offset by a higher mix of close-out sales . the overall increase in apparel sales was reflective of increased demand across most key categories . while wholesale revenues remain the largest component of overall nike brand revenues , we continue to see growth in revenue through our direct to consumer channels . our nike brand direct to consumer operations include nike owned in-line and factory stores , as well as online sales through nike owned websites . for fiscal 2012 , direct to consumer channels represented approximately 17 % of our total nike brand revenues compared to 16 % in fiscal 2011. on a currency neutral basis , direct to consumer revenues grew 21 % for fiscal 2012 , as comparable store sales grew 13 % and we continue to expand our store network and e-commerce business . comparable store sales include revenues from nike owned in-line and factory stores for which all three of the following requirements have been met : the store has been open at least one year , square footage has not changed by more than 15 % within the past year , and the store has not been permanently repositioned within the past year . story_separator_special_tag for fiscal 2011 , the increase in north america 's ebit was primarily the result of revenue growth and leverage on selling and administrative expense , which more than offset a lower gross margin percentage . the decline in gross margin percentage was due primarily to increased air freight and product input costs , which more than offset the favorable impact from the growth of our direct to consumer business and fewer close-out sales . western europe replace_table_token_15_th fiscal 2012 compared to fiscal 2011 on a currency neutral basis , revenues for western europe increased 4 % for fiscal 2012 , as most territories reported revenue growth , which more than offset revenue declines in the u.k. & ireland and italy . revenues for the u.k. & ireland , the largest market in western europe , declined 3 % for the fiscal 2012 period . western europe 's direct to consumer revenues grew 18 % for fiscal 2012 , including 8 % growth in comparable store sales . excluding changes in currency exchange rates , footwear revenue in western europe increased 5 % for fiscal 2012 , primarily driven by a low-single-digit percentage growth in both unit sales and average selling price per pair , primarily reflective of product price increases , partially offset by higher discounts on in-line and close-out sales . the overall increase in footwear sales was driven by growth in running , basketball and football ( soccer ) , which more than offset a decline in action sports . excluding changes in currency exchange rates , apparel revenue in western europe increased 2 % for fiscal 2012. the year-over-year change was primarily driven by a mid-single-digit percentage increase in average selling price per unit , reflective of higher product prices . partially offsetting the increase in average selling price per unit was a mid-single-digit percentage decline in unit sales . the overall increase in apparel sales was driven by growth in football ( soccer ) and running , which more than offset a decline in sportswear . on a reported basis , revenues for western europe increased 7 % for fiscal 2012. however , ebit fell 18 % , primarily driven by a 350 basis point decline in gross margin and higher selling and administrative expense as a percentage of revenues . the decline in gross margin was driven by higher product input costs and the negative impact from changes in standard currency rates , which more than offset the favorable impact of product price increases and the growth of our direct to consumer business . the increase in selling and administrative expense as a percentage of revenues was mainly driven by an increased level of demand creation spending around the european football championships and london summer olympics . also reflected in western europe 's fiscal 2012 results was a $ 24 million charge relating to the restructuring of its operations . 22 fiscal 2011 compared to fiscal 2010 on a currency neutral basis , revenues for western europe increased 6 % for fiscal 2011 , attributable to growth in most territories . revenues for the u.k. & ireland , the largest market in western europe , grew 5 % for fiscal 2011. western europe 's direct to consumer revenues grew 10 % , which contributed approximately 1 percentage point to western europe 's revenue increase . the growth in the direct to consumer business was fueled by 6 % growth in comparable store sales . excluding changes in currency exchange rates , footwear revenue in western europe increased 8 % , driven by double-digit percentage growth in running , football ( soccer ) and action sports , which more than offset a slight revenue decline in sportswear . on a currency neutral basis , apparel revenue in western europe increased 4 % , primarily driven by double-digit percentage growth in football ( soccer ) and running , which more than offset a mid-single-digit revenue decline in sportswear . for fiscal 2011 , the decrease in western europe 's ebit was driven by unfavorable foreign currency translation and a lower gross margin percentage , all of which more than offset the increase in revenues and improved leverage on selling and administrative expense . the decline in the gross margin percentage was significantly impacted by the unfavorable year-over-year standard currency rates . also contributing to the decrease in the gross margin percentage was higher product input and air freight costs , higher royalty expenses related to sales of endorsed team products and higher full price discounts . these factors more than offset the favorable impact of fewer close-out sales . central & eastern europe replace_table_token_16_th fiscal 2012 compared to fiscal 2011 excluding the changes in currency exchange rates , revenues for central & eastern europe increased 17 % for fiscal 2012 , driven by growth across most territories , including double-digit growth in russia and turkey , which more than offset lower revenues in greece . excluding changes in currency exchange rates , central & eastern europe 's footwear revenue grew 13 % , primarily driven by double-digit percentage growth in unit sales and a low-single-digit percentage increase in average selling price per pair . the increase in average selling price per pair was reflective of product price increases which more than offset the negative impact of higher discounts on in-line and close-out sales . the overall increase in footwear sales was driven by growth across all key categories , most notably running , sportswear and football ( soccer ) . excluding changes in currency exchange rates , central & eastern europe 's apparel revenues grew 24 % , mainly driven by double-digit percentage growth in unit sales , offset by a slight decrease in average price per unit , mainly due to less favorable product mix and higher discounts on in-line sales , which more than offset the impact from product price increases . the overall increase in apparel sales was primarily driven by growth in

cash flow activity cash provided by operations was $ 1.9 billion for fiscal 2012 compared to $ 1.8 billion for fiscal 2011. our primary source of operating cash flow for fiscal 2012 was net income of $ 2.2 billion . our working capital was a net cash outflow of $ 799 million for fiscal 2012 as compared to a net cash outflow of $ 708 million for fiscal 2011. our investments in working capital increased primarily due to an increase in inventory and prepaid expenses . inventory at the end of fiscal 2012 increased 23 % compared to fiscal 2011 , primarily due to higher product input costs as well as changes in product mix , which more than offset the favorable impact of changes in currency exchange rates . inventory units for the nike brand grew 10 % compared to the prior year , driven by growth in futures orders and improved factory deliveries . the increase in prepaid expenses was primarily driven by higher prepaid demand creation expenses around the european football championships and london summer olympics . cash provided by investing activities was $ 514 million during fiscal 2012 , compared to a use of cash of $ 1,021 million for fiscal 2011. the year-over-year increase was primarily due to higher net sales and maturities of short-term investments of $ 1,124 million ( net of purchases ) in fiscal 2012 , compared to net purchases of $ 537 million ( net of sales and maturities ) during fiscal 2011. cash used by financing activities was $ 2.1 billion for fiscal 2012 compared to $ 2.0 billion for fiscal 2011. the increase in cash used by financing activities was primarily due to higher payments of long-term debt , notes payable , and dividends , which was partially offset by an increase in the proceeds from the exercise of stock options . in fiscal 2012 , we purchased 20.0 million shares of nike 's class b common stock for $ 1.8 billion .


 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 flow activity cash provided by operations was $ 1.9 billion for fiscal 2012 compared to $ 1.8 billion for fiscal 2011. our primary source of operating cash flow for fiscal 2012 was net income of $ 2.2 billion . our working capital was a net cash outflow of $ 799 million for fiscal 2012 as compared to a net cash outflow of $ 708 million for fiscal 2011. our investments in working capital increased primarily due to an increase in inventory and prepaid expenses . inventory at the end of fiscal 2012 increased 23 % compared to fiscal 2011 , primarily due to higher product input costs as well as changes in product mix , which more than offset the favorable impact of changes in currency exchange rates . inventory units for the nike brand grew 10 % compared to the prior year , driven by growth in futures orders and improved factory deliveries . the increase in prepaid expenses was primarily driven by higher prepaid demand creation expenses around the european football championships and london summer olympics . cash provided by investing activities was $ 514 million during fiscal 2012 , compared to a use of cash of $ 1,021 million for fiscal 2011. the year-over-year increase was primarily due to higher net sales and maturities of short-term investments of $ 1,124 million ( net of purchases ) in fiscal 2012 , compared to net purchases of $ 537 million ( net of sales and maturities ) during fiscal 2011. cash used by financing activities was $ 2.1 billion for fiscal 2012 compared to $ 2.0 billion for fiscal 2011. the increase in cash used by financing activities was primarily due to higher payments of long-term debt , notes payable , and dividends , which was partially offset by an increase in the proceeds from the exercise of stock options . in fiscal 2012 , we purchased 20.0 million shares of nike 's class b common stock for $ 1.8 billion .
```    
 Suspicious Activity Report : our gross margin continued to be impacted by higher product input costs , including materials and labor , which more than offset the positive impacts of higher product selling prices , the growth of our direct to consumer business and benefits from ongoing product cost reduction initiatives . for fiscal 2012 , the growth of our net income was negatively affected by a year-over-year increase in our effective tax rate . however , diluted earnings per share grew at a higher rate than net income due to a 3 % decrease in the weighted average number of diluted common shares outstanding , driven by share repurchases during fiscal 2012 and 2011. as part of our long-term growth strategy , we continually evaluate our existing portfolio of businesses to ensure the company is investing in those businesses that are accretive to the nike brand , and with the largest growth potential and highest returns . on may 31 , 2012 , we announced our intention to divest of the cole haan and umbro businesses , which will allow us to focus our resources on driving growth in the nike , jordan , converse and hurley brands . for additional details , refer to our other businesses section below . while we will continue to face headwinds from higher input costs and foreign exchange volatility in fiscal 2013 , we continue to see opportunities to drive future growth and remain committed to effectively managing our business to achieve our financial goals over the long-term , by executing against the operational strategies outlined above . results of operations replace_table_token_5_th 16 consolidated operating results revenues replace_table_token_6_th ( 1 ) results have been restated using actual exchange rates in use during the comparative period to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations . ( 2 ) corporate revenues primarily consist of intercompany revenue eliminations and foreign currency revenue-related hedge gains and losses generated by entities within the nike brand geographic operating segments and certain other businesses through our centrally managed foreign exchange risk management program . ( 3 ) references to nike brand wholesale equivalent revenues are intended to provide context as to the overall current nike brand market footprint on a wholesale revenue basis . nike brand wholesale equivalent revenues consist of 1 ) sales to external wholesale customers and 2 ) internal sales from our wholesale operations to our direct to consumer operations at prices that are comparable to prices charged to external wholesale customers . nike brand wholesale equivalent revenues do not include the estimation of sales made by nike brand licensees as the amounts are not material . ( 4 ) others include all other categories and certain adjustments that are not allocated at the category level . 17 fiscal 2012 compared to fiscal 2011 on a currency neutral basis , revenues for nike , inc. grew 14 % for fiscal 2012 , driven by increases in revenues for both the nike brand and our other businesses . excluding the effects of changes in currency exchange rates , revenues for the nike brand increased 15 % , as every nike brand geography delivered higher revenues for fiscal 2012. north america contributed approximately 7 percentage points to the nike brand revenue increase , while the emerging markets and greater china geographies contributed approximately 4 and 2 percentage points to the nike brand revenue growth , respectively . revenues for our other businesses grew 11 % during fiscal 2012 , contributing 1 percentage point of our consolidated revenue growth . excluding the effects of changes in currency exchange rates , nike brand footwear and apparel revenue increased 15 % and 13 % , respectively , while nike brand equipment revenues increased 16 % during fiscal 2012. continuing to fuel the growth of our nike brand footwear business was the increased demand for performance products , including the nike lunar and free technologies . the increase in nike brand footwear revenue for fiscal 2012 was attributable to double-digit percentage growth in unit sales along with a low-single-digit percentage increase in average selling price per pair , primarily reflecting the favorable impact from product price increases , partially offset by higher discounts on close-out sales . the overall increase in footwear sales was driven by growth across all key categories , notably running , sportswear and basketball . for nike brand apparel , the increase in revenue for fiscal 2012 was driven by mid-single-digit percentage increases in both unit sales and average selling prices . the increase in average selling prices was primarily driven by product price increases , partially offset by a higher mix of close-out sales . the overall increase in apparel sales was reflective of increased demand across most key categories . while wholesale revenues remain the largest component of overall nike brand revenues , we continue to see growth in revenue through our direct to consumer channels . our nike brand direct to consumer operations include nike owned in-line and factory stores , as well as online sales through nike owned websites . for fiscal 2012 , direct to consumer channels represented approximately 17 % of our total nike brand revenues compared to 16 % in fiscal 2011. on a currency neutral basis , direct to consumer revenues grew 21 % for fiscal 2012 , as comparable store sales grew 13 % and we continue to expand our store network and e-commerce business . comparable store sales include revenues from nike owned in-line and factory stores for which all three of the following requirements have been met : the store has been open at least one year , square footage has not changed by more than 15 % within the past year , and the store has not been permanently repositioned within the past year . story_separator_special_tag for fiscal 2011 , the increase in north america 's ebit was primarily the result of revenue growth and leverage on selling and administrative expense , which more than offset a lower gross margin percentage . the decline in gross margin percentage was due primarily to increased air freight and product input costs , which more than offset the favorable impact from the growth of our direct to consumer business and fewer close-out sales . western europe replace_table_token_15_th fiscal 2012 compared to fiscal 2011 on a currency neutral basis , revenues for western europe increased 4 % for fiscal 2012 , as most territories reported revenue growth , which more than offset revenue declines in the u.k. & ireland and italy . revenues for the u.k. & ireland , the largest market in western europe , declined 3 % for the fiscal 2012 period . western europe 's direct to consumer revenues grew 18 % for fiscal 2012 , including 8 % growth in comparable store sales . excluding changes in currency exchange rates , footwear revenue in western europe increased 5 % for fiscal 2012 , primarily driven by a low-single-digit percentage growth in both unit sales and average selling price per pair , primarily reflective of product price increases , partially offset by higher discounts on in-line and close-out sales . the overall increase in footwear sales was driven by growth in running , basketball and football ( soccer ) , which more than offset a decline in action sports . excluding changes in currency exchange rates , apparel revenue in western europe increased 2 % for fiscal 2012. the year-over-year change was primarily driven by a mid-single-digit percentage increase in average selling price per unit , reflective of higher product prices . partially offsetting the increase in average selling price per unit was a mid-single-digit percentage decline in unit sales . the overall increase in apparel sales was driven by growth in football ( soccer ) and running , which more than offset a decline in sportswear . on a reported basis , revenues for western europe increased 7 % for fiscal 2012. however , ebit fell 18 % , primarily driven by a 350 basis point decline in gross margin and higher selling and administrative expense as a percentage of revenues . the decline in gross margin was driven by higher product input costs and the negative impact from changes in standard currency rates , which more than offset the favorable impact of product price increases and the growth of our direct to consumer business . the increase in selling and administrative expense as a percentage of revenues was mainly driven by an increased level of demand creation spending around the european football championships and london summer olympics . also reflected in western europe 's fiscal 2012 results was a $ 24 million charge relating to the restructuring of its operations . 22 fiscal 2011 compared to fiscal 2010 on a currency neutral basis , revenues for western europe increased 6 % for fiscal 2011 , attributable to growth in most territories . revenues for the u.k. & ireland , the largest market in western europe , grew 5 % for fiscal 2011. western europe 's direct to consumer revenues grew 10 % , which contributed approximately 1 percentage point to western europe 's revenue increase . the growth in the direct to consumer business was fueled by 6 % growth in comparable store sales . excluding changes in currency exchange rates , footwear revenue in western europe increased 8 % , driven by double-digit percentage growth in running , football ( soccer ) and action sports , which more than offset a slight revenue decline in sportswear . on a currency neutral basis , apparel revenue in western europe increased 4 % , primarily driven by double-digit percentage growth in football ( soccer ) and running , which more than offset a mid-single-digit revenue decline in sportswear . for fiscal 2011 , the decrease in western europe 's ebit was driven by unfavorable foreign currency translation and a lower gross margin percentage , all of which more than offset the increase in revenues and improved leverage on selling and administrative expense . the decline in the gross margin percentage was significantly impacted by the unfavorable year-over-year standard currency rates . also contributing to the decrease in the gross margin percentage was higher product input and air freight costs , higher royalty expenses related to sales of endorsed team products and higher full price discounts . these factors more than offset the favorable impact of fewer close-out sales . central & eastern europe replace_table_token_16_th fiscal 2012 compared to fiscal 2011 excluding the changes in currency exchange rates , revenues for central & eastern europe increased 17 % for fiscal 2012 , driven by growth across most territories , including double-digit growth in russia and turkey , which more than offset lower revenues in greece . excluding changes in currency exchange rates , central & eastern europe 's footwear revenue grew 13 % , primarily driven by double-digit percentage growth in unit sales and a low-single-digit percentage increase in average selling price per pair . the increase in average selling price per pair was reflective of product price increases which more than offset the negative impact of higher discounts on in-line and close-out sales . the overall increase in footwear sales was driven by growth across all key categories , most notably running , sportswear and football ( soccer ) . excluding changes in currency exchange rates , central & eastern europe 's apparel revenues grew 24 % , mainly driven by double-digit percentage growth in unit sales , offset by a slight decrease in average price per unit , mainly due to less favorable product mix and higher discounts on in-line sales , which more than offset the impact from product price increases . the overall increase in apparel sales was primarily driven by growth in

