41 business results and highlights in 2012 , activision blizzard 's consolidated net revenues were $ 4.9 billion and consolidated net income was $ 1.1 billion , resulting in diluted earnings per common share of $ 1.01. the company grew net revenues , operating income , and earnings per share as compared to 2011. we also generated $ 1.3 billion in cash from operating activities in 2012. also , according to the npd group with respect to north america , gfk chart-track with respect to europe , and activision blizzard internal estimates , during 2012 : in north america and europe combined , including toys and accessories , activision publishing was the # 1 console and handheld publisher for the calendar year with the # 1 and # 3 best-selling franchisescall of duty® and skylanders . activision blizzard reported record digital revenues for the calendar year and was the # 1 third-party interactive entertainment western digital publisher . for the calendar year , in aggregate across all platforms in the u.s. and europe , activision publishing 's call of duty : black ops ii was the # 1 best-selling title in dollars and call of duty : modern warfare® 3 was the # 9 best-selling title in dollars . in both north america and europe , including toys and accessories , skylanders giants was the # 1 best-selling kids ' title in dollars for the fourth quarter . additionally , for the calendar year , in north america and europe combined , including toys and accessories , skylanders giants was the # 5 best-selling game in dollars , and skylanders spyro 's adventure® was the # 4 best-selling game in dollars . for the calendar year , blizzard entertainment had two top-10 pc games in north america and europe . diablo iii was the # 1 best-selling pc game at retail , breaking pc-game sales records with more than 12 million copies sold worldwide through december 31 , 2012 , and world of warcraft : mists of pandaria® was the # 3 best-selling pc game at retail . product release highlights the following games and content packs , among other titles , were released during the year ended december 31 , 2012 : 007 legends family guy : back to the multiverse angry birds trilogy ice age continental drift arctic games battleship® men in black : alien crisis cabela's® dangerous hunts 2013 prototype® 2 cabela 's hunting expeditions skylanders giants call of duty : black ops ii the amazing spider-man call of duty modern warfare 3 content collection # 1 transformers : fall of cybertron call of duty : modern warfare 3 content collection # 2 transformers prime call of duty : modern warfare 3 content collection # 3 wipeout 3 call of duty : modern warfare 3 content collection # 4 world of warcraft : mists of pandaria diablo iii on january 29 , 2013 , activision released revolution , the first downloadable map pack for call of duty : black ops ii , ( `` revolution `` ) on the xbox 360. revolution is expected to be available on other platforms during the first quarter of 2013 . 42 starcraft ii : heart of the swarm , the first expansion to blizzard 's real-time strategy game starcraft ii : wings of liberty® , is expected to be available in stores and online beginning march 12 , 2013. international operations international sales are a fundamental part of our business . net revenues from international sales accounted for approximately 50 % , 50 % , and 46 % of our total consolidated net revenues for the years ended december 31 , 2012 , 2011 and 2010 , respectively . we maintain significant operations in the united states ( `` u.s. `` ) , canada , the united kingdom ( `` u.k. `` ) , france , germany , ireland , italy , sweden , spain , the netherlands , australia , south korea and china . an important element of our international strategy is to develop content that is specifically directed toward local cultures and customs . our international business is subject to risks typical of an international business , including , but not limited to , foreign currency exchange rate volatility and changes in local economies . accordingly , our future results could be materially and adversely affected by changes in foreign currency exchange rates and changes in local economies . management 's overview of business trends online content and digital downloads we provide our products through both retail channels and digital online delivery methods . many of our video games that are available through retailers as physical `` boxed `` software products , such as dvds , are also available by direct digital download over the internet ( both from websites that we own and from others owned by third parties ) . in addition , we offer players downloadable content as add-ons to our products ( e.g . , new multi-player content packs ) , generally for a one-time fee . we also offer subscription-based services for world of warcraft , which are digitally delivered and hosted by blizzard 's proprietary online-game related service , battle.net . in 2011 , activision launched call of duty elite , a digital service that provides both free and paid subscription-based content and features for call of duty : modern warfare 3 . in conjunction with the release of call of duty : black ops ii , all of the call of duty elite service features for that game were made available for free . this free service does not include downloadable map packs , which are sold separately , either a la carte as individual map packs or as part of a discounted season pass bundle . story_separator_special_tag activision 's operating income increased in 2011 as compared to 2010 , primarily due to a more focused release of products that delivered higher operating margins ; increased digital sales of call of duty 's digital content , resulting in high operating margins ; and reduction of operating expenses resulting from the 2011 restructuring . these positive impacts on operating income were partially offset by an increase in sales and marketing expenses to support the launch of skylanders spyro 's adventure , call of duty : modern warfare 3 and call of duty elite and additional litigation activities and settlement of lawsuits . blizzard blizzard 's operating income increased in 2012 as compared to 2011 , primarily due to higher revenues as described above . the increase was partially offset by higher cost of sales as a result of higher net revenues , higher sales and marketing costs to support the launch of diablo iii and world of warcraft : mists of pandaria , and higher general and administrative costs from additional accrued bonuses reflecting our strong 2012 financial performance . blizzard 's operating income decreased in 2011 as compared to 2010 , primarily due to lower revenues as discussed above . these negative impacts on operating income were partially offset by a decrease in sales and marketing expenses , as higher sales and marketing expenses were incurred in 2010 to support the release of starcraft ii : wings of liberty in the third quarter and world of warcraft : cataclysm in the fourth quarter ; and lower customer support costs incurred . non-gaap financial measures the analysis of revenues by distribution channel is presented both on a gaap ( including the impact from change in deferred revenues ) and non-gaap ( excluding the impact from change in deferred revenues ) basis . we use this non-gaap measure internally when evaluating our operating performance , when planning , forecasting and analyzing future periods , and when assessing the performance of our management team . we believe this is appropriate because this non-gaap measure enables an analysis of performance based on the timing of actual transactions with our customers , 49 which is consistent with the way the company is measured by investment analysts and industry data sources , and facilitates comparison of operating performance between periods . in addition , excluding the impact from change in deferred net revenue provides a much more timely indication of trends in our sales and other operating results . while we believe that this non-gaap measure is useful in evaluating our business , this information should be considered as supplemental in nature and is not meant to be considered in isolation from , as a substitute for , or as more important than , the related financial information prepared in accordance with gaap . in addition , this non-gaap financial measure may not be the same as any non-gaap measure presented by another company . this non-gaap financial measure has limitations in that it does not reflect all of the items associated with our gaap revenues . we compensate for the limitations resulting from the exclusion of the change in deferred revenues by considering the impact of that item separately and by considering our gaap , as well as non-gaap , revenues . results of operationsyears ended december 31 , 2012 , 2011 , and 2010 non-gaap financial measures the following table provides reconciliation between gaap and non-gaap net revenues by distribution channel for the years ended december 31 , 2012 , 2011 , and 2010 ( amounts in millions ) : replace_table_token_8_th ( 1 ) we currently define revenues from digital online channels as revenues from subscriptions and memberships , licensing royalties , value-added services , downloadable content , and digitally distributed products . ( 2 ) we have determined that some of our game 's online functionality represents an essential component of gameplay and as a result a more-than-inconsequential separate deliverable . as such , we are required to recognize the revenues of these game titles over the estimated service periods , which may range from a minimum of five months to a maximum of less than a year . in the table above , we present the amount of net revenues for each period as a result of this accounting treatment . ( 3 ) total non-gaap net revenues presented also represents our total operating segment net revenues . 50 the increase in gaap net revenues from retail channels for 2012 as compared to 2011 was the result of sales from the skylanders franchise ( both from the launch of skylanders giants in the fourth quarter of 2012 and the full-year revenues from skylanders spyro 's adventure , which was launched in the fourth quarter of 2011 ) and revenues from diablo iii and world of warcraft : mists of pandaria . the increase was partially offset by lower catalog sales of call of duty and other titles , and lower catalog revenues generated from world of warcraft : cataclysm and starcraft ii : wings of liberty , which were released in 2010. the increase in gaap net revenues from retail channels for 2011 as compared to 2010 was the result of the strong performance of the call of duty franchise , recognition of deferred revenues from the 2010 launches of starcraft ii : wings of liberty and world of warcraft : cataclysm , and revenues generated from the launch of skylanders spyro 's adventure , partially offset by the release of fewer key titles . the decrease in gaap net revenues from digital online channels for 2012 as compared to 2011 was primarily due to lower revenues from world of warcraft subscriptions and lower net revenues from call of duty downloadable content packs released in 2012 for call of duty : modern warfare 3 , in comparison to downloadable content packs released in 2011 for call of duty® : black ops . the decrease was partially offset by the full

liquidity and capital resources sources of liquidity ( amounts in millions ) replace_table_token_21_th replace_table_token_22_th cash flows provided by operating activities the primary drivers of cash flows provided by operating activities included the collection of customer receivables generated by the sale of our products and digital and subscription revenues , partially offset by payments to vendors for the manufacturing , distribution and marketing of our products , payments to third-party developers and intellectual property holders , tax liabilities , and payments to our workforce . a significant operating use of our cash relates to our continued focus on customer service for our subscribers and investment in software development and intellectual property licenses . cash flows provided by operating activities were higher for 2012 as compared to 2011 , and were lower for 2011 as compared to 2010. our source of cash inflow varies with our release schedule . for example , blizzard 's major releases of starcraft ii and world of warcraft : cataclysm during 2010 , and blizzard 's major releases of diablo iii and world of warcraft : mist of pandaria during 2012 contributed to the higher cash inflows for 2010 and 2012 as compared to 2011 , when there were no major releases from blizzard . additionally , the strong performance of activision 's skylanders franchise and call of duty : black ops ii contributed to strong operating cash flows in 2012. cash flows provided by ( used in ) investing activities the primary drivers of cash flows used in investing activities have typically included capital expenditures , acquisitions and the net effect of purchases and sales/maturities of short-term investments . cash flows provided by investing activities were lower for 2012 as compared to 2011 , primarily due to decreased proceeds from the maturity of investments , partially offset by higher purchases of short-term investments . in 2012 , proceeds from the maturity of investments were $ 444 million , the majority of which consisted of u.s. treasury and other government agency securities , while the purchase of short-term investments totaled $ 503 million . further , capital expenditures , primarily related to property and equipment , were $ 73 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources sources of liquidity ( amounts in millions ) replace_table_token_21_th replace_table_token_22_th cash flows provided by operating activities the primary drivers of cash flows provided by operating activities included the collection of customer receivables generated by the sale of our products and digital and subscription revenues , partially offset by payments to vendors for the manufacturing , distribution and marketing of our products , payments to third-party developers and intellectual property holders , tax liabilities , and payments to our workforce . a significant operating use of our cash relates to our continued focus on customer service for our subscribers and investment in software development and intellectual property licenses . cash flows provided by operating activities were higher for 2012 as compared to 2011 , and were lower for 2011 as compared to 2010. our source of cash inflow varies with our release schedule . for example , blizzard 's major releases of starcraft ii and world of warcraft : cataclysm during 2010 , and blizzard 's major releases of diablo iii and world of warcraft : mist of pandaria during 2012 contributed to the higher cash inflows for 2010 and 2012 as compared to 2011 , when there were no major releases from blizzard . additionally , the strong performance of activision 's skylanders franchise and call of duty : black ops ii contributed to strong operating cash flows in 2012. cash flows provided by ( used in ) investing activities the primary drivers of cash flows used in investing activities have typically included capital expenditures , acquisitions and the net effect of purchases and sales/maturities of short-term investments . cash flows provided by investing activities were lower for 2012 as compared to 2011 , primarily due to decreased proceeds from the maturity of investments , partially offset by higher purchases of short-term investments . in 2012 , proceeds from the maturity of investments were $ 444 million , the majority of which consisted of u.s. treasury and other government agency securities , while the purchase of short-term investments totaled $ 503 million . further , capital expenditures , primarily related to property and equipment , were $ 73 million .
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 Suspicious Activity Report : 41 business results and highlights in 2012 , activision blizzard 's consolidated net revenues were $ 4.9 billion and consolidated net income was $ 1.1 billion , resulting in diluted earnings per common share of $ 1.01. the company grew net revenues , operating income , and earnings per share as compared to 2011. we also generated $ 1.3 billion in cash from operating activities in 2012. also , according to the npd group with respect to north america , gfk chart-track with respect to europe , and activision blizzard internal estimates , during 2012 : in north america and europe combined , including toys and accessories , activision publishing was the # 1 console and handheld publisher for the calendar year with the # 1 and # 3 best-selling franchisescall of duty® and skylanders . activision blizzard reported record digital revenues for the calendar year and was the # 1 third-party interactive entertainment western digital publisher . for the calendar year , in aggregate across all platforms in the u.s. and europe , activision publishing 's call of duty : black ops ii was the # 1 best-selling title in dollars and call of duty : modern warfare® 3 was the # 9 best-selling title in dollars . in both north america and europe , including toys and accessories , skylanders giants was the # 1 best-selling kids ' title in dollars for the fourth quarter . additionally , for the calendar year , in north america and europe combined , including toys and accessories , skylanders giants was the # 5 best-selling game in dollars , and skylanders spyro 's adventure® was the # 4 best-selling game in dollars . for the calendar year , blizzard entertainment had two top-10 pc games in north america and europe . diablo iii was the # 1 best-selling pc game at retail , breaking pc-game sales records with more than 12 million copies sold worldwide through december 31 , 2012 , and world of warcraft : mists of pandaria® was the # 3 best-selling pc game at retail . product release highlights the following games and content packs , among other titles , were released during the year ended december 31 , 2012 : 007 legends family guy : back to the multiverse angry birds trilogy ice age continental drift arctic games battleship® men in black : alien crisis cabela's® dangerous hunts 2013 prototype® 2 cabela 's hunting expeditions skylanders giants call of duty : black ops ii the amazing spider-man call of duty modern warfare 3 content collection # 1 transformers : fall of cybertron call of duty : modern warfare 3 content collection # 2 transformers prime call of duty : modern warfare 3 content collection # 3 wipeout 3 call of duty : modern warfare 3 content collection # 4 world of warcraft : mists of pandaria diablo iii on january 29 , 2013 , activision released revolution , the first downloadable map pack for call of duty : black ops ii , ( `` revolution `` ) on the xbox 360. revolution is expected to be available on other platforms during the first quarter of 2013 . 42 starcraft ii : heart of the swarm , the first expansion to blizzard 's real-time strategy game starcraft ii : wings of liberty® , is expected to be available in stores and online beginning march 12 , 2013. international operations international sales are a fundamental part of our business . net revenues from international sales accounted for approximately 50 % , 50 % , and 46 % of our total consolidated net revenues for the years ended december 31 , 2012 , 2011 and 2010 , respectively . we maintain significant operations in the united states ( `` u.s. `` ) , canada , the united kingdom ( `` u.k. `` ) , france , germany , ireland , italy , sweden , spain , the netherlands , australia , south korea and china . an important element of our international strategy is to develop content that is specifically directed toward local cultures and customs . our international business is subject to risks typical of an international business , including , but not limited to , foreign currency exchange rate volatility and changes in local economies . accordingly , our future results could be materially and adversely affected by changes in foreign currency exchange rates and changes in local economies . management 's overview of business trends online content and digital downloads we provide our products through both retail channels and digital online delivery methods . many of our video games that are available through retailers as physical `` boxed `` software products , such as dvds , are also available by direct digital download over the internet ( both from websites that we own and from others owned by third parties ) . in addition , we offer players downloadable content as add-ons to our products ( e.g . , new multi-player content packs ) , generally for a one-time fee . we also offer subscription-based services for world of warcraft , which are digitally delivered and hosted by blizzard 's proprietary online-game related service , battle.net . in 2011 , activision launched call of duty elite , a digital service that provides both free and paid subscription-based content and features for call of duty : modern warfare 3 . in conjunction with the release of call of duty : black ops ii , all of the call of duty elite service features for that game were made available for free . this free service does not include downloadable map packs , which are sold separately , either a la carte as individual map packs or as part of a discounted season pass bundle . story_separator_special_tag activision 's operating income increased in 2011 as compared to 2010 , primarily due to a more focused release of products that delivered higher operating margins ; increased digital sales of call of duty 's digital content , resulting in high operating margins ; and reduction of operating expenses resulting from the 2011 restructuring . these positive impacts on operating income were partially offset by an increase in sales and marketing expenses to support the launch of skylanders spyro 's adventure , call of duty : modern warfare 3 and call of duty elite and additional litigation activities and settlement of lawsuits . blizzard blizzard 's operating income increased in 2012 as compared to 2011 , primarily due to higher revenues as described above . the increase was partially offset by higher cost of sales as a result of higher net revenues , higher sales and marketing costs to support the launch of diablo iii and world of warcraft : mists of pandaria , and higher general and administrative costs from additional accrued bonuses reflecting our strong 2012 financial performance . blizzard 's operating income decreased in 2011 as compared to 2010 , primarily due to lower revenues as discussed above . these negative impacts on operating income were partially offset by a decrease in sales and marketing expenses , as higher sales and marketing expenses were incurred in 2010 to support the release of starcraft ii : wings of liberty in the third quarter and world of warcraft : cataclysm in the fourth quarter ; and lower customer support costs incurred . non-gaap financial measures the analysis of revenues by distribution channel is presented both on a gaap ( including the impact from change in deferred revenues ) and non-gaap ( excluding the impact from change in deferred revenues ) basis . we use this non-gaap measure internally when evaluating our operating performance , when planning , forecasting and analyzing future periods , and when assessing the performance of our management team . we believe this is appropriate because this non-gaap measure enables an analysis of performance based on the timing of actual transactions with our customers , 49 which is consistent with the way the company is measured by investment analysts and industry data sources , and facilitates comparison of operating performance between periods . in addition , excluding the impact from change in deferred net revenue provides a much more timely indication of trends in our sales and other operating results . while we believe that this non-gaap measure is useful in evaluating our business , this information should be considered as supplemental in nature and is not meant to be considered in isolation from , as a substitute for , or as more important than , the related financial information prepared in accordance with gaap . in addition , this non-gaap financial measure may not be the same as any non-gaap measure presented by another company . this non-gaap financial measure has limitations in that it does not reflect all of the items associated with our gaap revenues . we compensate for the limitations resulting from the exclusion of the change in deferred revenues by considering the impact of that item separately and by considering our gaap , as well as non-gaap , revenues . results of operationsyears ended december 31 , 2012 , 2011 , and 2010 non-gaap financial measures the following table provides reconciliation between gaap and non-gaap net revenues by distribution channel for the years ended december 31 , 2012 , 2011 , and 2010 ( amounts in millions ) : replace_table_token_8_th ( 1 ) we currently define revenues from digital online channels as revenues from subscriptions and memberships , licensing royalties , value-added services , downloadable content , and digitally distributed products . ( 2 ) we have determined that some of our game 's online functionality represents an essential component of gameplay and as a result a more-than-inconsequential separate deliverable . as such , we are required to recognize the revenues of these game titles over the estimated service periods , which may range from a minimum of five months to a maximum of less than a year . in the table above , we present the amount of net revenues for each period as a result of this accounting treatment . ( 3 ) total non-gaap net revenues presented also represents our total operating segment net revenues . 50 the increase in gaap net revenues from retail channels for 2012 as compared to 2011 was the result of sales from the skylanders franchise ( both from the launch of skylanders giants in the fourth quarter of 2012 and the full-year revenues from skylanders spyro 's adventure , which was launched in the fourth quarter of 2011 ) and revenues from diablo iii and world of warcraft : mists of pandaria . the increase was partially offset by lower catalog sales of call of duty and other titles , and lower catalog revenues generated from world of warcraft : cataclysm and starcraft ii : wings of liberty , which were released in 2010. the increase in gaap net revenues from retail channels for 2011 as compared to 2010 was the result of the strong performance of the call of duty franchise , recognition of deferred revenues from the 2010 launches of starcraft ii : wings of liberty and world of warcraft : cataclysm , and revenues generated from the launch of skylanders spyro 's adventure , partially offset by the release of fewer key titles . the decrease in gaap net revenues from digital online channels for 2012 as compared to 2011 was primarily due to lower revenues from world of warcraft subscriptions and lower net revenues from call of duty downloadable content packs released in 2012 for call of duty : modern warfare 3 , in comparison to downloadable content packs released in 2011 for call of duty® : black ops . the decrease was partially offset by the full

