we also transport both ferrous and nonferrous metals by truck and rail in order to transfer scrap metal between our facilities for further processing , to load shipments at our export facilities and to meet regional domestic demand . key economic factors and trends affecting the industries in which we operate we sell recycled metals to the global steel industry for the production of finished steel . our financial results largely depend on supply of raw materials in the u.s. and demand for recycled metal in foreign and domestic markets and for finished steel products in the western u.s. fluctuating or volatile supply and demand conditions affect market prices for and volumes of recycled ferrous and nonferrous metal in global markets and for steel products in the western u.s. and can have a significant impact on the results of operations for all three reporting segments . in fiscal 2012 , our markets were significantly impacted by the european sovereign debt crisis which escalated in the fall of 2011 and led to a slowdown of economic activity globally . macroeconomic uncertainty resulted in deteriorating market conditions for global steel manufacturers and volatile pricing swings with an overall downward trend in commodity prices and export selling prices of recycled materials . the persistently low economic growth in the u.s. contributed to increasing market pressure on scrap flows in our mrb and apb domestic supply markets and margin compression . in addition , a relatively stronger u.s. dollar value increased competitive pressure on mrb 's export activity . 23 / schnitzer steel industries , inc. form 10-k 2012 strategic factors as we continue to closely monitor economic conditions , we remain focused on the following core strategies to meet our business objectives : use of our seven deep water ports to access customers directly around the world and to meet demand wherever it is greatest ; growth through acquisitions in existing and new geographic regions that generate attractive returns ; continued investment in and benefit from technologies and process improvements which increase the separation and recovery of recycled materials from our shredding process ; and increased internal synergies and continuous improvement initiatives which further integrate our operations , streamline corporate functions , reduce organizational layers and drive significant cost savings . we highly value the strategic synergies within our integrated operations . apb is a key supplier to mrb , and we opportunistically look to enhance the geographic proximity of operations within the two businesses . in fiscal 2011 , we acquired substantially all of the assets of two metals recycling businesses in canada , with a total of twelve metals collection and processing facilities , which marked mrb 's first expansion into canada . in fiscal 2012 , we acquired substantially all of the assets of an additional metals recycling business in canada . apb has three facilities in western canada that are able to supply these new mrb facilities in addition to shipping to our tacoma , wa metals recycling facility . also in fiscal 2011 , we acquired substantially all of the assets of a used auto parts business with three stores in seattle , wa , expanding apb 's presence in the northwestern u.s. mrb has an export facility in tacoma , wa , which benefits from the synergies of this enhanced access to supply . both mrb and apb also have a significant presence in northern california , and during fiscal 2012 we implemented further enhancements to the synergies between these businesses by integrating certain operational processes . executive overview of financial results we generated revenues of $ 3.3 billion in fiscal 2012 , a decrease of 3 % from the $ 3.5 billion of consolidated revenues in the prior year . the decrease was primarily due to lower volumes of ferrous sales as a result of soft global demand for recycled metal and constrained supply of raw materials . operating income for fiscal 2012 decreased by $ 132 million , or 71 % , to $ 54 million , including restructuring charges of $ 5 million , when compared with the prior year due to the deterioration in market conditions caused mainly by the escalation in the european sovereign debt crisis in the fall of 2011. this led to a slowdown of economic activity and resulted in weakening global demand and periods of volatile prices with an overall downward trend in export selling prices for recycled metals . this , combined with the constrained supply of raw materials and the adverse effect of average inventory costing on cost of goods sold during periods of sharp declines in selling prices that occurred in fiscal 2012 , led to a compression in operating margins . this contrasted with the prior fiscal year , which benefited from a stronger market environment and rising prices for recycled metals . net income attributable to ssi decreased by $ 91 million , or 77 % , to $ 27 million when compared with the prior year . diluted net income attributable to ssi was $ 0.99 per share for fiscal 2012 , including the adverse effect of $ 0.12 per share related to restructuring charges , compared to diluted net income attributable to ssi of $ 4.23 per share in fiscal 2011. the following items summarize our consolidated financial performance for fiscal 2012 : 24 / schnitzer steel industries , inc. form 10-k 2012 revenues of $ 3.3 billion , compared to $ 3.5 billion in the prior year ; operating income of $ 54 million , compared to $ 186 million in the prior year ; and adjusted net income attributable to ssi of $ 31 million , or $ 1.11 per diluted share , excluding restructuring charges , net of taxes , of $ 3 million or $ 0.12 per diluted share , compared to $ 118 million , or $ 4.23 per diluted share , in the prior year ( see the reconciliation of adjusted net income attributable to ssi story_separator_special_tag in addition , sg & a expense was lower in fiscal 2010 as it included $ 3 million in benefits from environmental expense reimbursements . 30 / schnitzer steel industries , inc. form 10-k 2012 auto parts business replace_table_token_14_th fiscal 2012 compared with fiscal 2011 revenues the decrease in revenues by $ 3 million , or 1 % , was driven by lower average commodity prices and decreased car volumes , both of which adversely impacted sales of ferrous and nonferrous material compared to the prior year . segment operating income operating income for fiscal 2012 decreased by $ 31 million , or 48 % , due to the compression in operating margins caused primarily by slightly higher average vehicle purchases costs coupled with a decrease in average selling prices for ferrous and nonferrous material compared to the prior year . the compression in operating margins was exacerbated by market volatility in an overall decreasing commodity price environment . periods of temporary but sharp declines in commodity prices due to softening global demand led to purchase prices for end-of-life vehicles decreasing at a slower pace than average net selling prices in those periods , causing an adverse effect of average inventory costing on cost of goods sold . in addition , operating income for fiscal 2012 reflected higher sg & a expenses of $ 2 million , or 4 % , primarily due to operating expenses related to fiscal 2011 acquisitions , increased legal expenses and higher advertising costs , which were partially offset by increased operational efficiencies and a reduction in incentive compensation expenses resulting from lower financial performance in fiscal 2012. fiscal 2011 compared with fiscal 2010 revenues the increase in revenues by $ 79 million , or 33 % , was driven by higher commodity prices , increased car volumes , further enhancement of production operating efficiencies , and an increase in the number of self-service store locations . in fiscal 2011 , apb did not benefit from the cash-for-clunkers government stimulus program that increased sales volumes in the prior year . segment operating income the increase in operating income for fiscal 2011 reflected the impact of higher commodity prices , increased volumes of ferrous and nonferrous material sales , and improved production operating efficiencies . the decrease in operating income as a percentage of revenues from 21.2 % in fiscal 2010 to 20.0 % in fiscal 2011 reflected an increase in car purchasing costs which outpaced the increase in selling prices and an increase in sg & a expense of $ 10 million for fiscal 2011 , primarily due to a $ 4 million increase in compensation expense as a result of additional headcount from acquisitions . 31 / schnitzer steel industries , inc. form 10-k 2012 steel manufacturing business replace_table_token_15_th _ st = short ton , which is 2,000 pounds nm = not meaningful ( 1 ) revenues include sales of semi-finished goods ( billets ) and finished steel products . ( 2 ) price information is shown after netting the cost of freight incurred to deliver the product to the customer . fiscal 2012 compared with fiscal 2011 revenues smb revenues increased as a result of higher average selling prices for finished steel products and higher volumes of finished steel product sold compared to the prior year . the rise in the average selling price for finished steel products compared to the prior year was primarily driven by the impact on selling prices of increased average purchase costs of raw materials and by changes in the product mix towards higher-valued products . segment operating income ( loss ) smb generated an operating loss for fiscal 2012 of $ 2 million , compared to operating income of $ 3 million in the prior year , in a continuing weak market environment in our u.s. west coast markets as a result of slow economic growth that has hampered recovery in construction spending . the decrease in operating results compared to the prior year was primarily due to higher average raw material purchase prices and the adverse impact of unscheduled production downtime . fiscal 2011 compared with fiscal 2010 revenues smb revenues increased primarily as a result of increased average selling prices for finished steel products , reflecting our ability to pass through higher purchase prices for scrap and other raw materials to end customers . the increase in average selling prices for finished steel products was driven by increased scrap metal purchase prices in global markets as a result of improved worldwide demand and was partially offset by a decrease in the volume of finished steel products sold for fiscal 2011 due to continuing weak demand in our west coast markets as a result of slow economic growth that hampers construction spending recovery . segment operating income ( loss ) the increase in operating income reflected the impact of increased average selling prices , which outpaced the increase in scrap and other raw material purchase costs . smb acquired its scrap metal requirements from mrb at rates that approximated export market prices for shipments from the west coast of the u.s. liquidity and capital resources we rely on cash provided by operating activities as a primary source of liquidity , supplemented by current cash on hand and borrowings under our existing credit facilities . story_separator_special_tag style= `` vertical-align : bottom ; padding-left:2px ; padding-top:2px ; padding-bottom:2px ; background-color : # cceeff ; border-top:1px solid # 000000 ; `` > $ — $ 25,000 bank unsecured revolving credit facility ( 1 ) $ 325,292 $ 370,214 tax-exempt economic development revenue bonds due january 2021 $ 7,700 n/a _ ( 1 ) remaining availability is net of $ 5 million of outstanding stand-by letters of credit . in april 2012 , we entered into an amendment to our unsecured committed bank credit agreement ( “ credit agreement ” ) with bank of america , n.a . as administrative agent , and other lenders party thereto . the amendment

sources and uses of cash we had cash balances of $ 90 million and $ 49 million as of august 31 , 2012 and 2011 , respectively . cash balances are intended to be used primarily for working capital , capital expenditures , acquisitions , dividends and share repurchases . we also use excess cash on hand to reduce amounts outstanding under our credit facilities . as of august 31 , 2012 , debt , net of cash , was $ 245 million compared to $ 354 million as of august 31 , 2011 ( refer to non-gaap financial measures below ) , a decrease of $ 109 million 32 / schnitzer steel industries , inc. form 10-k 2012 primarily as a result of the use of cash generated from operating activities to repay debt . our cash balances as of august 31 , 2012 and 2011 includes $ 13 million and $ 11 million , respectively , which is indefinitely reinvested in puerto rico and canada . operating activities net cash provided by operating activities in fiscal 2012 was $ 245 million , compared to $ 140 million in fiscal 2011 and $ 89 million in fiscal 2010 . cash provided by operating activities in fiscal 2012 included a decrease in inventories of $ 94 million due to lower volumes of material purchases and a decrease of $ 82 million in accounts receivable due to lower sales volumes and the timing of collections . uses of cash included a decrease in accounts payable of $ 26 million due to lower levels of material purchases and timing of payments and a decrease in accrued income taxes of $ 20 million due to lower financial results compared to the prior fiscal year .


 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.
     ```sources and uses of cash we had cash balances of $ 90 million and $ 49 million as of august 31 , 2012 and 2011 , respectively . cash balances are intended to be used primarily for working capital , capital expenditures , acquisitions , dividends and share repurchases . we also use excess cash on hand to reduce amounts outstanding under our credit facilities . as of august 31 , 2012 , debt , net of cash , was $ 245 million compared to $ 354 million as of august 31 , 2011 ( refer to non-gaap financial measures below ) , a decrease of $ 109 million 32 / schnitzer steel industries , inc. form 10-k 2012 primarily as a result of the use of cash generated from operating activities to repay debt . our cash balances as of august 31 , 2012 and 2011 includes $ 13 million and $ 11 million , respectively , which is indefinitely reinvested in puerto rico and canada . operating activities net cash provided by operating activities in fiscal 2012 was $ 245 million , compared to $ 140 million in fiscal 2011 and $ 89 million in fiscal 2010 . cash provided by operating activities in fiscal 2012 included a decrease in inventories of $ 94 million due to lower volumes of material purchases and a decrease of $ 82 million in accounts receivable due to lower sales volumes and the timing of collections . uses of cash included a decrease in accounts payable of $ 26 million due to lower levels of material purchases and timing of payments and a decrease in accrued income taxes of $ 20 million due to lower financial results compared to the prior fiscal year .
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 Suspicious Activity Report : we also transport both ferrous and nonferrous metals by truck and rail in order to transfer scrap metal between our facilities for further processing , to load shipments at our export facilities and to meet regional domestic demand . key economic factors and trends affecting the industries in which we operate we sell recycled metals to the global steel industry for the production of finished steel . our financial results largely depend on supply of raw materials in the u.s. and demand for recycled metal in foreign and domestic markets and for finished steel products in the western u.s. fluctuating or volatile supply and demand conditions affect market prices for and volumes of recycled ferrous and nonferrous metal in global markets and for steel products in the western u.s. and can have a significant impact on the results of operations for all three reporting segments . in fiscal 2012 , our markets were significantly impacted by the european sovereign debt crisis which escalated in the fall of 2011 and led to a slowdown of economic activity globally . macroeconomic uncertainty resulted in deteriorating market conditions for global steel manufacturers and volatile pricing swings with an overall downward trend in commodity prices and export selling prices of recycled materials . the persistently low economic growth in the u.s. contributed to increasing market pressure on scrap flows in our mrb and apb domestic supply markets and margin compression . in addition , a relatively stronger u.s. dollar value increased competitive pressure on mrb 's export activity . 23 / schnitzer steel industries , inc. form 10-k 2012 strategic factors as we continue to closely monitor economic conditions , we remain focused on the following core strategies to meet our business objectives : use of our seven deep water ports to access customers directly around the world and to meet demand wherever it is greatest ; growth through acquisitions in existing and new geographic regions that generate attractive returns ; continued investment in and benefit from technologies and process improvements which increase the separation and recovery of recycled materials from our shredding process ; and increased internal synergies and continuous improvement initiatives which further integrate our operations , streamline corporate functions , reduce organizational layers and drive significant cost savings . we highly value the strategic synergies within our integrated operations . apb is a key supplier to mrb , and we opportunistically look to enhance the geographic proximity of operations within the two businesses . in fiscal 2011 , we acquired substantially all of the assets of two metals recycling businesses in canada , with a total of twelve metals collection and processing facilities , which marked mrb 's first expansion into canada . in fiscal 2012 , we acquired substantially all of the assets of an additional metals recycling business in canada . apb has three facilities in western canada that are able to supply these new mrb facilities in addition to shipping to our tacoma , wa metals recycling facility . also in fiscal 2011 , we acquired substantially all of the assets of a used auto parts business with three stores in seattle , wa , expanding apb 's presence in the northwestern u.s. mrb has an export facility in tacoma , wa , which benefits from the synergies of this enhanced access to supply . both mrb and apb also have a significant presence in northern california , and during fiscal 2012 we implemented further enhancements to the synergies between these businesses by integrating certain operational processes . executive overview of financial results we generated revenues of $ 3.3 billion in fiscal 2012 , a decrease of 3 % from the $ 3.5 billion of consolidated revenues in the prior year . the decrease was primarily due to lower volumes of ferrous sales as a result of soft global demand for recycled metal and constrained supply of raw materials . operating income for fiscal 2012 decreased by $ 132 million , or 71 % , to $ 54 million , including restructuring charges of $ 5 million , when compared with the prior year due to the deterioration in market conditions caused mainly by the escalation in the european sovereign debt crisis in the fall of 2011. this led to a slowdown of economic activity and resulted in weakening global demand and periods of volatile prices with an overall downward trend in export selling prices for recycled metals . this , combined with the constrained supply of raw materials and the adverse effect of average inventory costing on cost of goods sold during periods of sharp declines in selling prices that occurred in fiscal 2012 , led to a compression in operating margins . this contrasted with the prior fiscal year , which benefited from a stronger market environment and rising prices for recycled metals . net income attributable to ssi decreased by $ 91 million , or 77 % , to $ 27 million when compared with the prior year . diluted net income attributable to ssi was $ 0.99 per share for fiscal 2012 , including the adverse effect of $ 0.12 per share related to restructuring charges , compared to diluted net income attributable to ssi of $ 4.23 per share in fiscal 2011. the following items summarize our consolidated financial performance for fiscal 2012 : 24 / schnitzer steel industries , inc. form 10-k 2012 revenues of $ 3.3 billion , compared to $ 3.5 billion in the prior year ; operating income of $ 54 million , compared to $ 186 million in the prior year ; and adjusted net income attributable to ssi of $ 31 million , or $ 1.11 per diluted share , excluding restructuring charges , net of taxes , of $ 3 million or $ 0.12 per diluted share , compared to $ 118 million , or $ 4.23 per diluted share , in the prior year ( see the reconciliation of adjusted net income attributable to ssi story_separator_special_tag in addition , sg & a expense was lower in fiscal 2010 as it included $ 3 million in benefits from environmental expense reimbursements . 30 / schnitzer steel industries , inc. form 10-k 2012 auto parts business replace_table_token_14_th fiscal 2012 compared with fiscal 2011 revenues the decrease in revenues by $ 3 million , or 1 % , was driven by lower average commodity prices and decreased car volumes , both of which adversely impacted sales of ferrous and nonferrous material compared to the prior year . segment operating income operating income for fiscal 2012 decreased by $ 31 million , or 48 % , due to the compression in operating margins caused primarily by slightly higher average vehicle purchases costs coupled with a decrease in average selling prices for ferrous and nonferrous material compared to the prior year . the compression in operating margins was exacerbated by market volatility in an overall decreasing commodity price environment . periods of temporary but sharp declines in commodity prices due to softening global demand led to purchase prices for end-of-life vehicles decreasing at a slower pace than average net selling prices in those periods , causing an adverse effect of average inventory costing on cost of goods sold . in addition , operating income for fiscal 2012 reflected higher sg & a expenses of $ 2 million , or 4 % , primarily due to operating expenses related to fiscal 2011 acquisitions , increased legal expenses and higher advertising costs , which were partially offset by increased operational efficiencies and a reduction in incentive compensation expenses resulting from lower financial performance in fiscal 2012. fiscal 2011 compared with fiscal 2010 revenues the increase in revenues by $ 79 million , or 33 % , was driven by higher commodity prices , increased car volumes , further enhancement of production operating efficiencies , and an increase in the number of self-service store locations . in fiscal 2011 , apb did not benefit from the cash-for-clunkers government stimulus program that increased sales volumes in the prior year . segment operating income the increase in operating income for fiscal 2011 reflected the impact of higher commodity prices , increased volumes of ferrous and nonferrous material sales , and improved production operating efficiencies . the decrease in operating income as a percentage of revenues from 21.2 % in fiscal 2010 to 20.0 % in fiscal 2011 reflected an increase in car purchasing costs which outpaced the increase in selling prices and an increase in sg & a expense of $ 10 million for fiscal 2011 , primarily due to a $ 4 million increase in compensation expense as a result of additional headcount from acquisitions . 31 / schnitzer steel industries , inc. form 10-k 2012 steel manufacturing business replace_table_token_15_th _ st = short ton , which is 2,000 pounds nm = not meaningful ( 1 ) revenues include sales of semi-finished goods ( billets ) and finished steel products . ( 2 ) price information is shown after netting the cost of freight incurred to deliver the product to the customer . fiscal 2012 compared with fiscal 2011 revenues smb revenues increased as a result of higher average selling prices for finished steel products and higher volumes of finished steel product sold compared to the prior year . the rise in the average selling price for finished steel products compared to the prior year was primarily driven by the impact on selling prices of increased average purchase costs of raw materials and by changes in the product mix towards higher-valued products . segment operating income ( loss ) smb generated an operating loss for fiscal 2012 of $ 2 million , compared to operating income of $ 3 million in the prior year , in a continuing weak market environment in our u.s. west coast markets as a result of slow economic growth that has hampered recovery in construction spending . the decrease in operating results compared to the prior year was primarily due to higher average raw material purchase prices and the adverse impact of unscheduled production downtime . fiscal 2011 compared with fiscal 2010 revenues smb revenues increased primarily as a result of increased average selling prices for finished steel products , reflecting our ability to pass through higher purchase prices for scrap and other raw materials to end customers . the increase in average selling prices for finished steel products was driven by increased scrap metal purchase prices in global markets as a result of improved worldwide demand and was partially offset by a decrease in the volume of finished steel products sold for fiscal 2011 due to continuing weak demand in our west coast markets as a result of slow economic growth that hampers construction spending recovery . segment operating income ( loss ) the increase in operating income reflected the impact of increased average selling prices , which outpaced the increase in scrap and other raw material purchase costs . smb acquired its scrap metal requirements from mrb at rates that approximated export market prices for shipments from the west coast of the u.s. liquidity and capital resources we rely on cash provided by operating activities as a primary source of liquidity , supplemented by current cash on hand and borrowings under our existing credit facilities . story_separator_special_tag style= `` vertical-align : bottom ; padding-left:2px ; padding-top:2px ; padding-bottom:2px ; background-color : # cceeff ; border-top:1px solid # 000000 ; `` > $ — $ 25,000 bank unsecured revolving credit facility ( 1 ) $ 325,292 $ 370,214 tax-exempt economic development revenue bonds due january 2021 $ 7,700 n/a _ ( 1 ) remaining availability is net of $ 5 million of outstanding stand-by letters of credit . in april 2012 , we entered into an amendment to our unsecured committed bank credit agreement ( “ credit agreement ” ) with bank of america , n.a . as administrative agent , and other lenders party thereto . the amendment

