this transaction closed on august 1 , 2016. we account for our investment in borgata by applying the equity method and report its results as discontinued operations for all periods presented in this annual report on form 10-k. our midwest & south segment includes our wholly owned subsidiaries valley forge casino resort for the period following its september 17 , 2018 acquisition , and ameristar casino hotel kansas city , ameristar casino resort spa st. charles , belterra casino resort and belterra park ( together , the `` pinnacle properties `` ) for the period following their october 15 , 2018 acquisition . see note 2 , acquisitions and divestitures , to our consolidated financial statements presented in part ii , item 8. most of our gaming entertainment properties also include hotel , dining , retail and other amenities . our main business emphasis is on slot revenues , which are highly dependent upon the number of visits and spending levels of customers at our properties . our properties have historically generated significant operating cash flow , with the majority of our revenue being cash-based . while we do provide casino credit , subject to certain gaming regulations and jurisdictions , most of our customers wager with cash and pay for non-gaming services with cash or by credit card . our industry is capital intensive and we rely heavily on the ability of our properties to generate operating cash flow in order to fund maintenance capital expenditures , fund acquisitions , provide excess cash for future development , repay debt financing and associated interest costs , repurchase our debt or equity securities , and pay income taxes and dividends . our primary areas of focus are : ( i ) ensuring our existing operations are managed as efficiently as possible and remain positioned for growth ; ( ii ) improving our capital structure and strengthening our balance sheet , including paying down debt , increasing cash flow , improving operations and diversifying our asset base ; and ( iii ) successfully pursuing our growth strategy , which is built on identifying development opportunities and acquiring assets that are a good strategic fit and provide an appropriate return to our shareholders . our strategy our overriding strategy is to increase shareholder value by pursuing strategic initiatives that improve and grow our business . strengthening our balance sheet we are committed to finding opportunities to strengthen our balance sheet through diversifying and increasing our cash flows . we intend to take a balanced approach to our cash flows , with a current emphasis on debt repayment followed by investing in our business and returning capital to shareholders . operating efficiently we are committed to operating more efficiently . as we experience revenue growth in both our gaming and non-gaming operations , the efficiencies of our business position us to flow a substantial portion of the revenue growth directly to the bottom line . evaluating acquisition opportunities our evaluations of potential investments and growth opportunities are strategic , deliberate , and disciplined . our goal is to identify and pursue opportunities that grow our business and deliver a solid return for shareholders . these investments can take the form of expanding and enhancing offerings and amenities at existing properties , development of new properties , or acquisitions . currently , the company is primarily focused on enhancements to its existing properties . maintaining our brand the ability of our employees to deliver great customer service helps distinguish our company and our brands from our competitors . our employees are an important reason that our customers continue to choose our properties over the competition across the country . in addition , we have established a nationwide branding initiative and loyalty program . our players use their `` b connected `` cards to earn and redeem points at nearly all of our properties . the `` b connected `` club , among other benefits , rewards players for their loyalty by entitling them to qualify for promotions and earn rewards toward gaming and nongaming activities . 31 our key performance indicators we use several key performance measures to evaluate the operations of our properties . these key performance measures include the following : gaming revenue measures : slot handle , which means the dollar amount wagered in slot machines , and table game drop , which means the total amount of cash deposited in table games drop boxes , plus the sum of markers issued at all table games , are measures of volume and or market share . slot win and table game hold , which mean the difference between customer wagers and customer winnings on slot machines and table games , respectively , represent the amount of wagers retained by us and recorded as gaming revenues . slot win percentage and table game hold percentage , which are not fully controllable by us , represent the relationship between slot handle to slot win and table game drop to table game hold , respectively . food & beverage revenue measures : average guest check , which means the average amount spent per customer visit and is a measure of volume and product offerings ; number of guests served ( `` food covers `` ) , which is an indicator of volume ; and the cost per guest served , which is a measure of operating margin . room revenue measures : hotel occupancy rate , which measures the utilization of our available rooms ; and average daily rate ( `` adr `` ) , which is a price measure . story_separator_special_tag % , is primarily attributable to an increase in the weighted average long-term debt balance of $ 205.9 million from 2017 to 2018. the increase in the weighted average long-term debt balance for the year ended december 31 , 2018 over the prior year period is due to the issuance in june 2018 of the $ 700.0 million aggregate principal amount of 6.000 % senior notes due august 2026 issued in anticipation of the acquisitions . in addition , the weighted average interest rate increased by 1.0 percentage point over the prior year period , which is driven by an increase in the underlying eurodollar rate . loss on early extinguishments and modifications of debt the components of the loss on early extinguishments and modifications of debt , are as follows : replace_table_token_9_th income taxes the effective tax rate on income from continuing operations during 2019 , 2018 and 2017 was 21.8 % , 26.0 % and 1.8 % , respectively . our effective tax rate for 2019 was favorably impacted by benefits related to equity compensation and tax credits and unfavorably impacted by non-deductible expenses , including non-deductible compensation and employee benefits . additionally , our 2019 effective tax rate was favorably impacted by the revaluation of our state tax deferred liabilities as a result of corporate restructuring . in 2018 , our tax provision was unfavorably impacted by state taxes and certain nondeductible expenses which were partially offset by certain tax credits . in 2017 , our tax provision was favorably impacted by the change to the federal statutory tax rate on our net deferred tax liability . on december 22 , 2017 , the u.s. government enacted comprehensive tax legislation commonly referred to as the tax cuts and jobs act ( the `` tax act `` ) . the tax act makes changes to the u.s. tax code , including , but not limited to , ( 1 ) reducing the u.s. federal corporate tax rate from a top marginal rate of 35 % to a flat rate of 21 % ; ( 2 ) eliminating the corporate alternative minimum tax ( amt ) ; ( 3 ) creating a new limitation on deductible interest expense ; ( 4 ) changing bonus depreciation that will allow for full expensing of qualified property ; ( 5 ) changing the limitations on executive compensation ( 6 ) altering the rules with respect to net operating losses generated after december 31 , 2017. these changes have various effective dates . as a result of the reduction of the federal corporate income tax rate , we revalued our net deferred tax liability as of december 31 , 2017. based on this revaluation , we recorded a discrete tax benefit of $ 60.1 million . 37 income from discontinued operations , net of tax income from discontinued operations , net of tax , reflects the results of our equity method investment in borgata , which we sold in august 2016. the 2018 results include cash received for our share of miscellaneous recoveries realized by borgata of $ 0.3 million . the results for the year ended december 31 , 2017 include property tax recovery proceeds of $ 21.4 million , net of tax , related to the final settlement of borgata 's property tax disputes with atlantic city . liquidity and capital resources financial position we generally operate with minimal or negative levels of working capital in order to minimize borrowings and related interest costs . our cash and cash equivalents balances were $ 250.0 million and $ 249.4 million at december 31 , 2019 and 2018 , respectively . in addition , we held restricted cash balances of $ 20.5 million and $ 23.8 million at december 31 , 2019 and 2018 , respectively . our working capital deficit at december 31 , 2019 and 2018 was $ 157.4 million and $ 70.0 million , respectively . our bank credit facility generally provides all necessary funds for the day-to-day operations , interest and tax payments , as well as capital expenditures . on a daily basis , we evaluate our cash position and adjust the balance outstanding under our bank credit facility , as necessary , by either borrowing or paying down debt with excess cash . we also plan the timing and the amounts of our capital expenditures . we believe that the borrowing capacity under the bank credit facility , subject to restrictive covenants , and cash flows from operating activities will be sufficient to meet our liquidity and capital resource needs for the next twelve months , including our projected operating and maintenance capital expenditures . the source of funds available to us for repayment of debt or to fund development projects is derived primarily from cash flows from operations and availability under our bank credit facility , to the extent availability exists after we meet working capital needs , and subject to restrictive covenants . see `` indebtedness `` , below , for further detail regarding funds available through our bank credit facility . we could also seek to secure additional working capital , repay current debt maturities , or fund development projects , in whole or in part , through incremental bank financing and additional debt or equity offerings . if availability does not exist under our credit facility , or we are not otherwise able to draw funds on our credit facility , additional financing may not be available to us , and if available , may not be on terms favorable us . 38 cash flows summary replace_table_token_10_th cash flows from operating activities during 2019 , 2018 and 2017 , we generated net operating cash flow of $ 549.0 million , $ 434.5 million and $ 422.6 million , respectively . generally , operating cash flows increased $ 114.5 million in 2019 compared to 2018 due to the flow through effect of higher revenues , including the impact of the acquisitions , and the

cash flows from discontinued operations discontinued operations activities in 2018 and 2017 represent borgata , which we sold in august 2016. the net cash inflow of $ 0.5 million in 2018 represents cash received for our share of miscellaneous recoveries realized by borgata . the net cash inflow of $ 35.7 million in 2017 includes property tax recovery proceeds related to the final settlement of borgata 's property tax disputes with atlantic city . indebtedness the outstanding principal balances of long-term debt , before unamortized discounts and fees , and the changes in those balances , are as follows : replace_table_token_11_th the amount of current maturities includes certain non-extending balances scheduled to be repaid within the next twelve months under the bank credit facilities . boyd gaming corporation debt bank credit facility credit agreement the outstanding principal amounts under the credit facility are comprised of the following : replace_table_token_12_th with a total revolving credit commitment of $ 945.5 million available under the bank credit facility , the remaining contractual availability was $ 656.6 million after consideration of $ 235.0 million borrowed on the revolving credit facility , $ 41.3 million borrowed on the swing loan and $ 12.6 million allocated to support various letters of credit . on august 2 , 2018 , we entered into a joinder agreement ( the `` joinder agreement '' ) to amendment no . 2 and refinancing amendment ( the `` credit agreement '' ) , among the company , certain financial institutions and bank of america , n.a. , as administrative agent .


 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 from discontinued operations discontinued operations activities in 2018 and 2017 represent borgata , which we sold in august 2016. the net cash inflow of $ 0.5 million in 2018 represents cash received for our share of miscellaneous recoveries realized by borgata . the net cash inflow of $ 35.7 million in 2017 includes property tax recovery proceeds related to the final settlement of borgata 's property tax disputes with atlantic city . indebtedness the outstanding principal balances of long-term debt , before unamortized discounts and fees , and the changes in those balances , are as follows : replace_table_token_11_th the amount of current maturities includes certain non-extending balances scheduled to be repaid within the next twelve months under the bank credit facilities . boyd gaming corporation debt bank credit facility credit agreement the outstanding principal amounts under the credit facility are comprised of the following : replace_table_token_12_th with a total revolving credit commitment of $ 945.5 million available under the bank credit facility , the remaining contractual availability was $ 656.6 million after consideration of $ 235.0 million borrowed on the revolving credit facility , $ 41.3 million borrowed on the swing loan and $ 12.6 million allocated to support various letters of credit . on august 2 , 2018 , we entered into a joinder agreement ( the `` joinder agreement '' ) to amendment no . 2 and refinancing amendment ( the `` credit agreement '' ) , among the company , certain financial institutions and bank of america , n.a. , as administrative agent .
```    
 Suspicious Activity Report : this transaction closed on august 1 , 2016. we account for our investment in borgata by applying the equity method and report its results as discontinued operations for all periods presented in this annual report on form 10-k. our midwest & south segment includes our wholly owned subsidiaries valley forge casino resort for the period following its september 17 , 2018 acquisition , and ameristar casino hotel kansas city , ameristar casino resort spa st. charles , belterra casino resort and belterra park ( together , the `` pinnacle properties `` ) for the period following their october 15 , 2018 acquisition . see note 2 , acquisitions and divestitures , to our consolidated financial statements presented in part ii , item 8. most of our gaming entertainment properties also include hotel , dining , retail and other amenities . our main business emphasis is on slot revenues , which are highly dependent upon the number of visits and spending levels of customers at our properties . our properties have historically generated significant operating cash flow , with the majority of our revenue being cash-based . while we do provide casino credit , subject to certain gaming regulations and jurisdictions , most of our customers wager with cash and pay for non-gaming services with cash or by credit card . our industry is capital intensive and we rely heavily on the ability of our properties to generate operating cash flow in order to fund maintenance capital expenditures , fund acquisitions , provide excess cash for future development , repay debt financing and associated interest costs , repurchase our debt or equity securities , and pay income taxes and dividends . our primary areas of focus are : ( i ) ensuring our existing operations are managed as efficiently as possible and remain positioned for growth ; ( ii ) improving our capital structure and strengthening our balance sheet , including paying down debt , increasing cash flow , improving operations and diversifying our asset base ; and ( iii ) successfully pursuing our growth strategy , which is built on identifying development opportunities and acquiring assets that are a good strategic fit and provide an appropriate return to our shareholders . our strategy our overriding strategy is to increase shareholder value by pursuing strategic initiatives that improve and grow our business . strengthening our balance sheet we are committed to finding opportunities to strengthen our balance sheet through diversifying and increasing our cash flows . we intend to take a balanced approach to our cash flows , with a current emphasis on debt repayment followed by investing in our business and returning capital to shareholders . operating efficiently we are committed to operating more efficiently . as we experience revenue growth in both our gaming and non-gaming operations , the efficiencies of our business position us to flow a substantial portion of the revenue growth directly to the bottom line . evaluating acquisition opportunities our evaluations of potential investments and growth opportunities are strategic , deliberate , and disciplined . our goal is to identify and pursue opportunities that grow our business and deliver a solid return for shareholders . these investments can take the form of expanding and enhancing offerings and amenities at existing properties , development of new properties , or acquisitions . currently , the company is primarily focused on enhancements to its existing properties . maintaining our brand the ability of our employees to deliver great customer service helps distinguish our company and our brands from our competitors . our employees are an important reason that our customers continue to choose our properties over the competition across the country . in addition , we have established a nationwide branding initiative and loyalty program . our players use their `` b connected `` cards to earn and redeem points at nearly all of our properties . the `` b connected `` club , among other benefits , rewards players for their loyalty by entitling them to qualify for promotions and earn rewards toward gaming and nongaming activities . 31 our key performance indicators we use several key performance measures to evaluate the operations of our properties . these key performance measures include the following : gaming revenue measures : slot handle , which means the dollar amount wagered in slot machines , and table game drop , which means the total amount of cash deposited in table games drop boxes , plus the sum of markers issued at all table games , are measures of volume and or market share . slot win and table game hold , which mean the difference between customer wagers and customer winnings on slot machines and table games , respectively , represent the amount of wagers retained by us and recorded as gaming revenues . slot win percentage and table game hold percentage , which are not fully controllable by us , represent the relationship between slot handle to slot win and table game drop to table game hold , respectively . food & beverage revenue measures : average guest check , which means the average amount spent per customer visit and is a measure of volume and product offerings ; number of guests served ( `` food covers `` ) , which is an indicator of volume ; and the cost per guest served , which is a measure of operating margin . room revenue measures : hotel occupancy rate , which measures the utilization of our available rooms ; and average daily rate ( `` adr `` ) , which is a price measure . story_separator_special_tag % , is primarily attributable to an increase in the weighted average long-term debt balance of $ 205.9 million from 2017 to 2018. the increase in the weighted average long-term debt balance for the year ended december 31 , 2018 over the prior year period is due to the issuance in june 2018 of the $ 700.0 million aggregate principal amount of 6.000 % senior notes due august 2026 issued in anticipation of the acquisitions . in addition , the weighted average interest rate increased by 1.0 percentage point over the prior year period , which is driven by an increase in the underlying eurodollar rate . loss on early extinguishments and modifications of debt the components of the loss on early extinguishments and modifications of debt , are as follows : replace_table_token_9_th income taxes the effective tax rate on income from continuing operations during 2019 , 2018 and 2017 was 21.8 % , 26.0 % and 1.8 % , respectively . our effective tax rate for 2019 was favorably impacted by benefits related to equity compensation and tax credits and unfavorably impacted by non-deductible expenses , including non-deductible compensation and employee benefits . additionally , our 2019 effective tax rate was favorably impacted by the revaluation of our state tax deferred liabilities as a result of corporate restructuring . in 2018 , our tax provision was unfavorably impacted by state taxes and certain nondeductible expenses which were partially offset by certain tax credits . in 2017 , our tax provision was favorably impacted by the change to the federal statutory tax rate on our net deferred tax liability . on december 22 , 2017 , the u.s. government enacted comprehensive tax legislation commonly referred to as the tax cuts and jobs act ( the `` tax act `` ) . the tax act makes changes to the u.s. tax code , including , but not limited to , ( 1 ) reducing the u.s. federal corporate tax rate from a top marginal rate of 35 % to a flat rate of 21 % ; ( 2 ) eliminating the corporate alternative minimum tax ( amt ) ; ( 3 ) creating a new limitation on deductible interest expense ; ( 4 ) changing bonus depreciation that will allow for full expensing of qualified property ; ( 5 ) changing the limitations on executive compensation ( 6 ) altering the rules with respect to net operating losses generated after december 31 , 2017. these changes have various effective dates . as a result of the reduction of the federal corporate income tax rate , we revalued our net deferred tax liability as of december 31 , 2017. based on this revaluation , we recorded a discrete tax benefit of $ 60.1 million . 37 income from discontinued operations , net of tax income from discontinued operations , net of tax , reflects the results of our equity method investment in borgata , which we sold in august 2016. the 2018 results include cash received for our share of miscellaneous recoveries realized by borgata of $ 0.3 million . the results for the year ended december 31 , 2017 include property tax recovery proceeds of $ 21.4 million , net of tax , related to the final settlement of borgata 's property tax disputes with atlantic city . liquidity and capital resources financial position we generally operate with minimal or negative levels of working capital in order to minimize borrowings and related interest costs . our cash and cash equivalents balances were $ 250.0 million and $ 249.4 million at december 31 , 2019 and 2018 , respectively . in addition , we held restricted cash balances of $ 20.5 million and $ 23.8 million at december 31 , 2019 and 2018 , respectively . our working capital deficit at december 31 , 2019 and 2018 was $ 157.4 million and $ 70.0 million , respectively . our bank credit facility generally provides all necessary funds for the day-to-day operations , interest and tax payments , as well as capital expenditures . on a daily basis , we evaluate our cash position and adjust the balance outstanding under our bank credit facility , as necessary , by either borrowing or paying down debt with excess cash . we also plan the timing and the amounts of our capital expenditures . we believe that the borrowing capacity under the bank credit facility , subject to restrictive covenants , and cash flows from operating activities will be sufficient to meet our liquidity and capital resource needs for the next twelve months , including our projected operating and maintenance capital expenditures . the source of funds available to us for repayment of debt or to fund development projects is derived primarily from cash flows from operations and availability under our bank credit facility , to the extent availability exists after we meet working capital needs , and subject to restrictive covenants . see `` indebtedness `` , below , for further detail regarding funds available through our bank credit facility . we could also seek to secure additional working capital , repay current debt maturities , or fund development projects , in whole or in part , through incremental bank financing and additional debt or equity offerings . if availability does not exist under our credit facility , or we are not otherwise able to draw funds on our credit facility , additional financing may not be available to us , and if available , may not be on terms favorable us . 38 cash flows summary replace_table_token_10_th cash flows from operating activities during 2019 , 2018 and 2017 , we generated net operating cash flow of $ 549.0 million , $ 434.5 million and $ 422.6 million , respectively . generally , operating cash flows increased $ 114.5 million in 2019 compared to 2018 due to the flow through effect of higher revenues , including the impact of the acquisitions , and the

