power disruptions are an important driver of customer awareness and have historically influenced demand for generators . increased frequency and duration of major power outage events , that have a broader impact beyond a localized level , increases product awareness and may drive consumers to accelerate their purchase of a standby or portable generator during the immediate and subsequent period , which we believe may last for six to twelve months for standby generators . for example , the multiple major outage events that occurred during the second half of both 2011 and 2012 drove strong demand for portable and home standby generators , and the increased awareness of these products contributed to substantial organic revenue growth in 2012 with strong growth continuing during 2013. major power disruptions are unpredictable by nature and , as a result , our sales levels and profitability may fluctuate from period to period . in addition , there are smaller , more localized power outages that occur frequently across the u.s. that drive the baseline level of demand for back-up power solutions . the level of baseline power outage activity occurring across the u.s. can also fluctuate , and may cause our financial results to fluctuate from year to year . impact of residential investment cycle . the market for residential generators is also affected by the residential investment cycle and overall consumer confidence and sentiment . when homeowners are confident of their household income , the value of their home and overall net worth , they are more likely to invest in their home . these trends can have an impact on demand for residential generators . trends in the new housing market highlighted by residential housing starts can also impact demand for our residential products . impact of business capital investment cycle . the market for our commercial and industrial products is affected by the overall capital investment cycle , including non-residential building construction , durable goods and infrastructure spending as well as investments in the exploration and production of oil & gas , as businesses or organizations either add new locations or make investments to upgrade existing locations or equipment . these trends can have a material impact on demand for these products . the capital investment cycle may differ for the various commercial and industrial end markets that we serve including light commercial , retail , telecommunications , industrial , data centers , healthcare , construction , oil & gas and municipal infrastructure , among others . the market for these products is also affected by general economic conditions and credit availability in the geographic regions that we serve . in addition , we believe demand for our mobile power products will continue to benefit from a secular shift towards renting versus buying this type of equipment . f actors affecting results of o perations we are subject to various factors that can affect our results of operations , which we attempt to mitigate through factors we can control , including continued product development , expanded distribution , pricing and cost control . certain operational and other factors that affect our business include the following : effect of commodity , currency and component price fluctuations . industry-wide price fluctuations of key commodities , such as steel , copper and aluminum and other components we use in our products , together with foreign currency fluctuations , can have a material impact on our results of operations . we have historically attempted to mitigate the impact of rising commodity , currency and component prices through improved product design and sourcing , manufacturing efficiencies , price increases and select hedging transactions . our results are also influenced by changes in fuel prices in the form of freight rates , which in some cases are borne by our customers and in other cases are paid by us . seasonalit y. although there is demand for our products throughout the year , in each of the past three years approximately 23 % to 27 % of our net sales occurred in the first quarter , 20 % to 25 % in the second quarter , 24 % to 26 % in the third quarter and 25 % to 29 % in the fourth quarter , with different seasonality depending on the presence , timing and severity of major power outage activity in each year . major outage activity is unpredictable by nature and , as a result , our sales levels and profitability may fluctuate from period to period . for example , there were multiple major power outage events that occurred during the second half of both 2011 and 2012 , which were significant in terms of severity . as a result , the seasonality experienced during this time period , and for the subsequent quarters following the time period , varied relative to other periods where no major outage events occurred . we maintain a flexible production and supply chain infrastructure in order to respond to outage-driven peak demand . 25 factors influencing interest expense and cash interest expense . interest expense can be impacted by a variety of factors , including market fluctuations in libor , interest rate election periods , interest rate swap agreements and repayments of indebtedness . cash interest expense decreased during 2014 compared to 2013 , primarily due to a reduction in interest rate from the credit agreement refinancing completed in may 2013 and the 25 basis point reduction in borrowing costs during the second quarter of 2014 as a result of our net debt leverage ratio , as defined in our new term loan credit agreement , falling below 3.0 times . refer to note 11 , “ credit agreements , ” to the consolidated financial statements in item 8 of this annual report on form 10-k for additional details . factors influencing provision for income taxes and cash income taxes paid . story_separator_special_tag gross profit increased $ 129.2 million , or 29.3 % , to $ 569.6 million for the year ended december 31 , 2013 from $ 440.4 million for the year ended december 31 , 2012. gross profit margin for the year ended december 31 , 2013 increased to 38.3 % from 37.4 % for the year ended december 31 , 2012. this gross margin improvement reflects improved product mix , improved pricing and a moderation in product costs due to lower commodity prices and execution of cost reduction initiatives . these margin improvements were partially offset by the mix impact from recent acquisitions . operating expenses . operating expenses increased $ 1.3 million to $ 218.1 million for the year ended december 31 , 2013 from $ 216.8 million for the year ended december 31 , 2012. this increase resulted from the impact of recent acquisitions , as well as increased sales , engineering and administrative infrastructure to support the strategic growth initiatives and higher sales levels of the company . these increases were mostly offset by warranty rate improvements resulting in a $ 17.6 million favorable adjustment to warranty reserves driven by better claims experience , which impacted selling and service expense , as well as a decline in the amortization of intangibles . other expense . other expense increased $ 5.5 million , or 8.3 % , to $ 72.7 million for the year ended december 31 , 2013 from $ 67.2 million for the year ended december 31 , 2012. these additional expenses were primarily driven by a $ 5.3 million increase in interest expense due to the higher debt levels from the may 2012 and 2013 refinancing transactions , partially offset by a slight reduction in interest rate on the new credit facility . income tax expense . income tax expense increased $ 41.1 million to $ 104.2 million for the year ended december 31 , 2013 from $ 63.1 million for the year ended december 31 , 2012. the increase was primarily driven by the increase in pre-tax income during 2013 compared to 2012 , partially offset by a lower effective tax rate . the decrease in the effective income tax rate year-over-year is primarily due to the lower tax rate of a foreign subsidiary acquired during the fourth quarter of 2012 and the reinstatement of the federal research and development tax credit in 2013. net income . as a result of the factors identified above , we generated net income of $ 174.5 million for the year ended december 31 , 2013 compared to $ 93.2 million for the year ended december 31 , 2012. adjusted ebitda . adjusted ebitda , as defined and reconciled in item 6 , “ selected financial data , ” increased to $ 402.6 million in 2013 as compared to $ 289.8 million in 2012 due to the factors discussed above . adjusted net income . adjusted net income , as defined and reconciled in item 6 , “ selected financial data , ” increased to $ 301.7 million in 2013 compared to $ 220.8 million in 2012 due to the factors discussed above . 30 liquidity and financial p osition our primary cash requirements include payment for our raw material and component supplies , salaries & benefits , operating expenses , interest and principal payments on our debt and capital expenditures . we finance our operations primarily through cash flow generated from operations and , if necessary , borrowings under our abl revolving credit facility . in february 2012 , we paid in full our previously existing debt and entered into a new credit agreement ( credit agreement ) . the credit agreement provided for borrowings under a $ 150.0 million revolving credit facility , a $ 325.0 million tranche a term loan facility and a $ 250.0 million tranche b term loan facility . proceeds received from loans made under the credit agreement were used to repay in full all outstanding borrowings under the former credit agreement , dated as of november 10 , 2006 , as amended from time to time , and for general corporate purposes . in may 2012 , we amended and restated our then existing credit agreement by entering into a new credit agreement ( term loan credit agreement ) and a new revolving credit agreement ( abl credit agreement ) . the term loan credit agreement provided for a $ 900.0 million term loan b credit facility ( term loan ) and included a $ 125.0 million uncommitted incremental term loan facility and the abl credit agreement provided for borrowings under a $ 150.0 million senior secured abl revolving credit facility and an uncommitted $ 50.0 million incremental revolving credit facility . a portion of the proceeds from the term loan were used to repay outstanding borrowings under the previous credit agreement . the remaining proceeds from the term loan were used , together with cash on hand , to pay a special cash dividend of $ 6.00 per share on our common stock ( 2012 dividend recapitalization ) . on may 31 , 2013 , we amended and restated our then existing term loan credit agreement by entering into a new term loan credit agreement ( new term loan credit agreement ) . the new term loan credit agreement provided for a $ 1.2 billion term loan b credit facility ( new term loan ) and included a $ 300.0 million uncommitted incremental term loan facility . the new term loan credit agreement matures on may 31 , 2020. proceeds from the new term loan were used to repay outstanding borrowings under the previous term loan credit agreement and to fund a special cash dividend of $ 5.00 per share on our common stock ( 2013 dividend recapitalization ) . remaining funds from the new term loan were used for general corporate purposes and to pay related financing fees and expenses . the new term loan initially bore interest at

cash f low year ended december 31 , 2014 compared to year ended december 31 , 2013 the following table summarizes our cash flows by category for the periods presented : replace_table_token_13_th 31 net cash provided by operating activities was $ 253.0 million for 2014 compared to $ 259.9 million in 2013. this decrease of $ 6.9 million , or 2.7 % , is primarily attributable to lower operating income , after adding back non-cash items , in the current year , partially offset by a reduction in working capital investment due to a slight decrease in inventory levels in 2014 as compared to a significant increase in inventory in 2013. the prior year period included a significant use of cash to replenish finished good inventory levels that had been depleted by demand driven from major power outages . net cash used for investing activities for the year ended december 31 , 2014 was $ 95.5 million . this included cash payments of $ 61.2 million related to the acquisition of businesses and $ 34.7 million for the purchase of property and equipment . net cash used for investing activities for the year ended december 31 , 2013 was $ 144.6 million . this included cash payments of $ 116.1 million related to the acquisition of businesses and $ 30.8 million for the purchase of property and equipment , partially offset by cash proceeds of $ 2.3 million from the sale of a business .


 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 f low year ended december 31 , 2014 compared to year ended december 31 , 2013 the following table summarizes our cash flows by category for the periods presented : replace_table_token_13_th 31 net cash provided by operating activities was $ 253.0 million for 2014 compared to $ 259.9 million in 2013. this decrease of $ 6.9 million , or 2.7 % , is primarily attributable to lower operating income , after adding back non-cash items , in the current year , partially offset by a reduction in working capital investment due to a slight decrease in inventory levels in 2014 as compared to a significant increase in inventory in 2013. the prior year period included a significant use of cash to replenish finished good inventory levels that had been depleted by demand driven from major power outages . net cash used for investing activities for the year ended december 31 , 2014 was $ 95.5 million . this included cash payments of $ 61.2 million related to the acquisition of businesses and $ 34.7 million for the purchase of property and equipment . net cash used for investing activities for the year ended december 31 , 2013 was $ 144.6 million . this included cash payments of $ 116.1 million related to the acquisition of businesses and $ 30.8 million for the purchase of property and equipment , partially offset by cash proceeds of $ 2.3 million from the sale of a business .
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 Suspicious Activity Report : power disruptions are an important driver of customer awareness and have historically influenced demand for generators . increased frequency and duration of major power outage events , that have a broader impact beyond a localized level , increases product awareness and may drive consumers to accelerate their purchase of a standby or portable generator during the immediate and subsequent period , which we believe may last for six to twelve months for standby generators . for example , the multiple major outage events that occurred during the second half of both 2011 and 2012 drove strong demand for portable and home standby generators , and the increased awareness of these products contributed to substantial organic revenue growth in 2012 with strong growth continuing during 2013. major power disruptions are unpredictable by nature and , as a result , our sales levels and profitability may fluctuate from period to period . in addition , there are smaller , more localized power outages that occur frequently across the u.s. that drive the baseline level of demand for back-up power solutions . the level of baseline power outage activity occurring across the u.s. can also fluctuate , and may cause our financial results to fluctuate from year to year . impact of residential investment cycle . the market for residential generators is also affected by the residential investment cycle and overall consumer confidence and sentiment . when homeowners are confident of their household income , the value of their home and overall net worth , they are more likely to invest in their home . these trends can have an impact on demand for residential generators . trends in the new housing market highlighted by residential housing starts can also impact demand for our residential products . impact of business capital investment cycle . the market for our commercial and industrial products is affected by the overall capital investment cycle , including non-residential building construction , durable goods and infrastructure spending as well as investments in the exploration and production of oil & gas , as businesses or organizations either add new locations or make investments to upgrade existing locations or equipment . these trends can have a material impact on demand for these products . the capital investment cycle may differ for the various commercial and industrial end markets that we serve including light commercial , retail , telecommunications , industrial , data centers , healthcare , construction , oil & gas and municipal infrastructure , among others . the market for these products is also affected by general economic conditions and credit availability in the geographic regions that we serve . in addition , we believe demand for our mobile power products will continue to benefit from a secular shift towards renting versus buying this type of equipment . f actors affecting results of o perations we are subject to various factors that can affect our results of operations , which we attempt to mitigate through factors we can control , including continued product development , expanded distribution , pricing and cost control . certain operational and other factors that affect our business include the following : effect of commodity , currency and component price fluctuations . industry-wide price fluctuations of key commodities , such as steel , copper and aluminum and other components we use in our products , together with foreign currency fluctuations , can have a material impact on our results of operations . we have historically attempted to mitigate the impact of rising commodity , currency and component prices through improved product design and sourcing , manufacturing efficiencies , price increases and select hedging transactions . our results are also influenced by changes in fuel prices in the form of freight rates , which in some cases are borne by our customers and in other cases are paid by us . seasonalit y. although there is demand for our products throughout the year , in each of the past three years approximately 23 % to 27 % of our net sales occurred in the first quarter , 20 % to 25 % in the second quarter , 24 % to 26 % in the third quarter and 25 % to 29 % in the fourth quarter , with different seasonality depending on the presence , timing and severity of major power outage activity in each year . major outage activity is unpredictable by nature and , as a result , our sales levels and profitability may fluctuate from period to period . for example , there were multiple major power outage events that occurred during the second half of both 2011 and 2012 , which were significant in terms of severity . as a result , the seasonality experienced during this time period , and for the subsequent quarters following the time period , varied relative to other periods where no major outage events occurred . we maintain a flexible production and supply chain infrastructure in order to respond to outage-driven peak demand . 25 factors influencing interest expense and cash interest expense . interest expense can be impacted by a variety of factors , including market fluctuations in libor , interest rate election periods , interest rate swap agreements and repayments of indebtedness . cash interest expense decreased during 2014 compared to 2013 , primarily due to a reduction in interest rate from the credit agreement refinancing completed in may 2013 and the 25 basis point reduction in borrowing costs during the second quarter of 2014 as a result of our net debt leverage ratio , as defined in our new term loan credit agreement , falling below 3.0 times . refer to note 11 , “ credit agreements , ” to the consolidated financial statements in item 8 of this annual report on form 10-k for additional details . factors influencing provision for income taxes and cash income taxes paid . story_separator_special_tag gross profit increased $ 129.2 million , or 29.3 % , to $ 569.6 million for the year ended december 31 , 2013 from $ 440.4 million for the year ended december 31 , 2012. gross profit margin for the year ended december 31 , 2013 increased to 38.3 % from 37.4 % for the year ended december 31 , 2012. this gross margin improvement reflects improved product mix , improved pricing and a moderation in product costs due to lower commodity prices and execution of cost reduction initiatives . these margin improvements were partially offset by the mix impact from recent acquisitions . operating expenses . operating expenses increased $ 1.3 million to $ 218.1 million for the year ended december 31 , 2013 from $ 216.8 million for the year ended december 31 , 2012. this increase resulted from the impact of recent acquisitions , as well as increased sales , engineering and administrative infrastructure to support the strategic growth initiatives and higher sales levels of the company . these increases were mostly offset by warranty rate improvements resulting in a $ 17.6 million favorable adjustment to warranty reserves driven by better claims experience , which impacted selling and service expense , as well as a decline in the amortization of intangibles . other expense . other expense increased $ 5.5 million , or 8.3 % , to $ 72.7 million for the year ended december 31 , 2013 from $ 67.2 million for the year ended december 31 , 2012. these additional expenses were primarily driven by a $ 5.3 million increase in interest expense due to the higher debt levels from the may 2012 and 2013 refinancing transactions , partially offset by a slight reduction in interest rate on the new credit facility . income tax expense . income tax expense increased $ 41.1 million to $ 104.2 million for the year ended december 31 , 2013 from $ 63.1 million for the year ended december 31 , 2012. the increase was primarily driven by the increase in pre-tax income during 2013 compared to 2012 , partially offset by a lower effective tax rate . the decrease in the effective income tax rate year-over-year is primarily due to the lower tax rate of a foreign subsidiary acquired during the fourth quarter of 2012 and the reinstatement of the federal research and development tax credit in 2013. net income . as a result of the factors identified above , we generated net income of $ 174.5 million for the year ended december 31 , 2013 compared to $ 93.2 million for the year ended december 31 , 2012. adjusted ebitda . adjusted ebitda , as defined and reconciled in item 6 , “ selected financial data , ” increased to $ 402.6 million in 2013 as compared to $ 289.8 million in 2012 due to the factors discussed above . adjusted net income . adjusted net income , as defined and reconciled in item 6 , “ selected financial data , ” increased to $ 301.7 million in 2013 compared to $ 220.8 million in 2012 due to the factors discussed above . 30 liquidity and financial p osition our primary cash requirements include payment for our raw material and component supplies , salaries & benefits , operating expenses , interest and principal payments on our debt and capital expenditures . we finance our operations primarily through cash flow generated from operations and , if necessary , borrowings under our abl revolving credit facility . in february 2012 , we paid in full our previously existing debt and entered into a new credit agreement ( credit agreement ) . the credit agreement provided for borrowings under a $ 150.0 million revolving credit facility , a $ 325.0 million tranche a term loan facility and a $ 250.0 million tranche b term loan facility . proceeds received from loans made under the credit agreement were used to repay in full all outstanding borrowings under the former credit agreement , dated as of november 10 , 2006 , as amended from time to time , and for general corporate purposes . in may 2012 , we amended and restated our then existing credit agreement by entering into a new credit agreement ( term loan credit agreement ) and a new revolving credit agreement ( abl credit agreement ) . the term loan credit agreement provided for a $ 900.0 million term loan b credit facility ( term loan ) and included a $ 125.0 million uncommitted incremental term loan facility and the abl credit agreement provided for borrowings under a $ 150.0 million senior secured abl revolving credit facility and an uncommitted $ 50.0 million incremental revolving credit facility . a portion of the proceeds from the term loan were used to repay outstanding borrowings under the previous credit agreement . the remaining proceeds from the term loan were used , together with cash on hand , to pay a special cash dividend of $ 6.00 per share on our common stock ( 2012 dividend recapitalization ) . on may 31 , 2013 , we amended and restated our then existing term loan credit agreement by entering into a new term loan credit agreement ( new term loan credit agreement ) . the new term loan credit agreement provided for a $ 1.2 billion term loan b credit facility ( new term loan ) and included a $ 300.0 million uncommitted incremental term loan facility . the new term loan credit agreement matures on may 31 , 2020. proceeds from the new term loan were used to repay outstanding borrowings under the previous term loan credit agreement and to fund a special cash dividend of $ 5.00 per share on our common stock ( 2013 dividend recapitalization ) . remaining funds from the new term loan were used for general corporate purposes and to pay related financing fees and expenses . the new term loan initially bore interest at

