deferred sales increased by approximately $ 0.4 million from 2013 to 2014 and $ 1.8 million from 2012 to 2013. deferred sales are not recognized until the customer accepts delivery of the product and title has transferred . the majority of these sales are to foreign customers with longer payment terms due to increased shipping times . story_separator_special_tag of the increase was due to the acquisition for $ 74.8 million , net of $ 0.1 million in cash acquired as discussed in note 3. during 2014 we also expended $ 6.8 million on the d-train expansion , $ 0.9 million on tank farm improvements , $ 2.4 million on spare equipment , $ 0.3 on pipeline upgrades , and $ 4.4 million on various plant improvements and equipment . cash used by investing activities during fiscal 2013 was approximately $ 12.7 million , representing an increase of approximately $ 2.5 million over the corresponding period of 2012. during 2013 we purchased an additional $ 7.5 million of stock in amak as discussed in note 8 , expended $ 0.3 million to debottleneck our penhex unit , $ 1.6 million for expansion of the sales loading rack facility , $ 0.9 million for construction of a new control room and lab , $ 0.4 million for transport trucks , and approximately $ 2.1 million for a new tolling unit ( which will be reimbursed by the customer ) . these uses of cash were partially offset by the return of approximately $ 2.0 million from amak which was previously advanced . financing activities cash provided by financing activities during fiscal 2014 was approximately $ 66.6 million versus cash used of $ 2.4 million during the corresponding period of 2013. during 2014 we entered into an amended and restated loan agreement with the bank as discussed in note 12 for the acquisition , financing for the d-train expansion and a working capital line . we also made principal payments of $ 9.2 million on our term debt and $ 11.5 million on our line of credit . cash used by financing activities during fiscal 2013 was approximately $ 2.4 million versus cash used of $ 8.4 million during the corresponding period of 2012. during 2013 we drew $ 6.0 million on our line of credit for working capital purposes and to fund the capital contribution to amak . we also made principal payments of $ 1.5 million on our term debt and $ 7.0 million on our line of credit . credit agreement on october 1 , 2014 , tocco , south hampton , gulf state , and tc ( south hampton , gulf state and tc collectively the “ guarantors ” ) entered into an amended and restated credit agreement ( “ arc agreement ” ) with the lenders which from time to time are parties to the arc agreement ( collectively , the “ lenders ” ) and bank of america , n.a . , a national banking association , as administrative agent for the lenders , and merrill lynch , pierce , fenner & smith incorporated as lead arranger . subject to the terms and conditions of the arc agreement , tocco may ( a ) borrow , repay and re-borrow revolving loans ( collectively , the “ revolving loans ” ) from time to time during the period ending september 30 , 2019 , up to but not exceeding at any one time outstanding $ 40.0 million ( the “ revolving loan commitment ” ) and ( b ) request up to $ 5.0 million of letters of credit and $ 5.0 million of swingline loans . each of the issuance of letters of credit and the advance of swingline loans shall be considered usage of the revolving loan commitment . all outstanding loans under the revolving loans must be repaid on october 1 , 2019. as of december 31 , 2014 , tocco had borrowed funds under the revolving loans aggregating $ 7.2 million . under the arc agreement , tocco also borrowed $ 70.0 million in a single advance term loan ( the “ acquisition term loan ” ) to partially finance the acquisition . under the arc agreement , tocco also has the right to borrow $ 25.0 million in a multiple advance loan ( the “ term loans , ” together with the revolving loans and acquisition term loan , collectively the “ loans ” ) . borrowing availability under the term loans ends on december 31 , 2015. the term loans convert from a multiple advance loan to a “ mini-perm ” loan once tocco has fulfilled certain obligations such as certification that construction of d-train was completed in a good and workmanlike manner , receipt of applicable permits and releases from governmental authorities , and receipt of releases of liens from the contractor and each subcontractor and supplier . the loans also include a $ 40,000,000 uncommitted increase option ( the “ accordion option ” ) . as of december 31 , 2014 , tocco had borrowed funds under this agreement aggregating $ 5.0 million . all of the loans under the arc agreement will accrue interest at the lower of ( i ) a london interbank offered rate ( “ eurodollar rate ” ) plus a margin of between 2.00 % and 2.50 % based on the total leverage ratio of tocco and its 19 subsidiaries on a consolidated basis , or ( ii ) a base rate ( “ base rate ” ) equal to the highest of the federal funds rate plus 0.50 % , the rate announced by bank of america , n.a . as its prime rate , and eurodollar rate plus 1.0 % , plus a margin of between 1.00 % to 1.50 % based on the total leverage ratio of tocco and its subsidiaries on a consolidated basis . story_separator_special_tag officer compensation increased $ 0.1 million due to the addition of an executive during the second half of 2012. directors ' fees also increased $ 0.1 million due to the addition of a director in the fourth quarter of 2012. post-retirement benefits increased due to the return to normal accrual for stock options , whereas for 2012 expired options were reversed . accounting fees increased $ 0.2 million due to the pcaob audits of amak for the years ended december 31 , 2012 , 2011 , and 2010 as well as , our 2012 amended filings including amak . insurance expense increased approximately $ 0.1 million due to changes in policy limits . investor relations expense increased $ 0.2 million due to the granting of warrants to the new investor relations firm . administrative expenses in saudi increased $ 0.1 million due to additional staffing requirements . these increases were partially offset by decreases in travel , legal fees , and expenses associated with amak in saudi arabia . depreciation 2013-2014 depreciation expense increased only slightly by 0.6 % from 2013 to 2014. many of the capital expenditures for 2014 remained in construction in progress accounts at year end . 2012-2013 depreciation expense increased 13.0 % from 2012 to 2013 due to an increase in the amount of depreciable assets year over year . equity in earnings ( losses ) of amak/gain on equity issuance of amak 2013-2014 equity in earnings ( losses ) of amak decreased 122.8 % from 2013 to 2014 due to a number of reasons as discussed below . our equity in amak 's results of operations for 2013 also included a gain from the additional equity issuance by amak of $ 4.0 million . there was no such gain in 2014. the mining sector as a whole has been depressed due to low metal prices and demand . however , the performance of amak to date has been below our expectation , and steps are being taken to improve performance and solidify its position over the long term . the project is self-supporting and cash flow is adequate to meet current needs . for 2014 shipments were 14.0 % short of budgeted volumes as indicated in the table below . there were no shipments in the first quarter of 2014 due to logistics delays and the rebuilding of warehouse stocks . shipments in the second quarter of 2014 , while up in number ( 4 ) , were limited by volume shipped . shipments in the third and fourth quarters were also limited by volume shipped . amak volumes in dry metric tons ( dmt ) for 2014 were as follows : replace_table_token_9_th 25 in addition , amak faced operational issues including mechanical issues and water shortages which caused the plant run time to decrease to 60 % versus the 80+ % which has been the norm over the first 18 months of operation . the water issues have been largely resolved with the addition of more wells , purchases of supplemental water via truck from nearby sources , and the addition of a dam and holding area in a nearby drainage area . the mechanical problems , while a continued concern due to the remote location and lack of vendor expertise within the country , are being addressed with the identification and stocking of critical spares and a change of management staff . during 2014 amak hired a new ceo ( a us citizen ) , a new mining engineer ( a canadian citizen ) , and a new mill manager ( an australian citizen ) . individuals previously in those positions did a creditable job in starting up the facility and getting it to the point of production . however , the amak board felt that for amak to advance to a consistent and profitable operation , a different set of skills was needed . amak incurred expenses to transition the new and old personnel . the new management team presented an action plan to the board of directors at the september meeting which outlined the steps to be taken for improvement and the timeline for implementation . implementation will take a good portion of 2015 to produce results . there was agreement among the group that the plan would position amak for a successful ipo on the saudi arabian stock exchange which is currently targeted for late 2016. finally , in an area over which amak has little to no control , average metal prices were softer for the period and negatively affected amak 's financial results . copper prices may continue to be volatile and are largely affected by economic data announcements from china . zinc prices are predicted to be stronger as time passes due to the run down and closure of several large mines this year and next . we continue to expect better performance based upon the activation of the precious metal circuit ; the activation of an improved and larger volume talc circuit prior ; improved recoveries and product quality based upon better process control and improvements made to mill equipment ; institution of better controls on the ore dilution ; and an ore blending program which should improve product quality and production levels . also in november 2014 , a favorably revised and amended contract with the chinese company supplying the labor for the mill operation was signed . 2012-2013 equity in earnings of amak increased $ 4.9 million from 2012 to 2013 due to amak being in operation for the entire 2013 year versus only a partial year in 2012. gain on equity issuance of amak increased $ 4.0 million from 2012 to 2013 due to the completion of an equity raise in may 2013 as discussed in note 8. capital expenditures 2013-2014 capital expenditures increased 104.8 % from 2013 to 2014. see capital expenditures discussion below for more detail . 2012-2013 capital expenditures decreased 16.1 % from 2012 to 2013. see capital expenditures discussion

sources and uses of cash cash and cash equivalents increased by $ 0.9 million during the year ended december 31 , 2014. the change in cash and cash equivalents is summarized as follows : replace_table_token_6_th operating activities operating activities generated cash of $ 23.2 million during fiscal 2014 as compared with $ 13.2 million of cash provided during fiscal 2013. although the company 's net income decreased by $ 3.9 million from 2013 to 2014 , the cash provided by operations increased by $ 10.0 million due primarily to the following factors : · net income for 2014 included a non-cash equity in loss from amak of $ 1.1 million as compared to equity in earnings from amak $ 4.7 million and gain on equity issued in amak of $ 4.0 million in 2013 ; · net income for 2014 included a non-cash depreciation and amortization charge of $ 5.7 million as compared to 2013 which included a non-cash depreciation charge of $ 4.0 million ; · net income for 2014 included a non-cash share-based compensation charge of $ 2.1 million as compared to 2013 which included a non-cash share-based compensation charge of $ 1.2 million ; · trade receivables increased approximately $ 3.4 million in 2014 ( due to a 9.9 % increase in volume sold during the fourth quarter and receivables acquired from the acquisition ) as compared to an increase of approximately $ 6.3 million ( due to a 40.1 % increase in volume sold during the fourth quarter ) in 2013 ; · inventory decreased approximately $ 2.6 million in 2014 ( due to a 31.9 % decrease in cost per gallon ) as compared to an increase of approximately $ 2.2 million ( due to a 58.8 % increase in deferred sales ) in 2013 ; and 17 · accounts payable and accrued liabilities increased $ 1.8 million in 2014 ( primarily due to the working capital adjustment payable for the acquisition ) as compared to an increase of $ 1.4 million ( primarily due to an increase in the accrual for raw materials ) in 2013. these significant sources of


 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 cash and cash equivalents increased by $ 0.9 million during the year ended december 31 , 2014. the change in cash and cash equivalents is summarized as follows : replace_table_token_6_th operating activities operating activities generated cash of $ 23.2 million during fiscal 2014 as compared with $ 13.2 million of cash provided during fiscal 2013. although the company 's net income decreased by $ 3.9 million from 2013 to 2014 , the cash provided by operations increased by $ 10.0 million due primarily to the following factors : · net income for 2014 included a non-cash equity in loss from amak of $ 1.1 million as compared to equity in earnings from amak $ 4.7 million and gain on equity issued in amak of $ 4.0 million in 2013 ; · net income for 2014 included a non-cash depreciation and amortization charge of $ 5.7 million as compared to 2013 which included a non-cash depreciation charge of $ 4.0 million ; · net income for 2014 included a non-cash share-based compensation charge of $ 2.1 million as compared to 2013 which included a non-cash share-based compensation charge of $ 1.2 million ; · trade receivables increased approximately $ 3.4 million in 2014 ( due to a 9.9 % increase in volume sold during the fourth quarter and receivables acquired from the acquisition ) as compared to an increase of approximately $ 6.3 million ( due to a 40.1 % increase in volume sold during the fourth quarter ) in 2013 ; · inventory decreased approximately $ 2.6 million in 2014 ( due to a 31.9 % decrease in cost per gallon ) as compared to an increase of approximately $ 2.2 million ( due to a 58.8 % increase in deferred sales ) in 2013 ; and 17 · accounts payable and accrued liabilities increased $ 1.8 million in 2014 ( primarily due to the working capital adjustment payable for the acquisition ) as compared to an increase of $ 1.4 million ( primarily due to an increase in the accrual for raw materials ) in 2013. these significant sources of
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 Suspicious Activity Report : deferred sales increased by approximately $ 0.4 million from 2013 to 2014 and $ 1.8 million from 2012 to 2013. deferred sales are not recognized until the customer accepts delivery of the product and title has transferred . the majority of these sales are to foreign customers with longer payment terms due to increased shipping times . story_separator_special_tag of the increase was due to the acquisition for $ 74.8 million , net of $ 0.1 million in cash acquired as discussed in note 3. during 2014 we also expended $ 6.8 million on the d-train expansion , $ 0.9 million on tank farm improvements , $ 2.4 million on spare equipment , $ 0.3 on pipeline upgrades , and $ 4.4 million on various plant improvements and equipment . cash used by investing activities during fiscal 2013 was approximately $ 12.7 million , representing an increase of approximately $ 2.5 million over the corresponding period of 2012. during 2013 we purchased an additional $ 7.5 million of stock in amak as discussed in note 8 , expended $ 0.3 million to debottleneck our penhex unit , $ 1.6 million for expansion of the sales loading rack facility , $ 0.9 million for construction of a new control room and lab , $ 0.4 million for transport trucks , and approximately $ 2.1 million for a new tolling unit ( which will be reimbursed by the customer ) . these uses of cash were partially offset by the return of approximately $ 2.0 million from amak which was previously advanced . financing activities cash provided by financing activities during fiscal 2014 was approximately $ 66.6 million versus cash used of $ 2.4 million during the corresponding period of 2013. during 2014 we entered into an amended and restated loan agreement with the bank as discussed in note 12 for the acquisition , financing for the d-train expansion and a working capital line . we also made principal payments of $ 9.2 million on our term debt and $ 11.5 million on our line of credit . cash used by financing activities during fiscal 2013 was approximately $ 2.4 million versus cash used of $ 8.4 million during the corresponding period of 2012. during 2013 we drew $ 6.0 million on our line of credit for working capital purposes and to fund the capital contribution to amak . we also made principal payments of $ 1.5 million on our term debt and $ 7.0 million on our line of credit . credit agreement on october 1 , 2014 , tocco , south hampton , gulf state , and tc ( south hampton , gulf state and tc collectively the “ guarantors ” ) entered into an amended and restated credit agreement ( “ arc agreement ” ) with the lenders which from time to time are parties to the arc agreement ( collectively , the “ lenders ” ) and bank of america , n.a . , a national banking association , as administrative agent for the lenders , and merrill lynch , pierce , fenner & smith incorporated as lead arranger . subject to the terms and conditions of the arc agreement , tocco may ( a ) borrow , repay and re-borrow revolving loans ( collectively , the “ revolving loans ” ) from time to time during the period ending september 30 , 2019 , up to but not exceeding at any one time outstanding $ 40.0 million ( the “ revolving loan commitment ” ) and ( b ) request up to $ 5.0 million of letters of credit and $ 5.0 million of swingline loans . each of the issuance of letters of credit and the advance of swingline loans shall be considered usage of the revolving loan commitment . all outstanding loans under the revolving loans must be repaid on october 1 , 2019. as of december 31 , 2014 , tocco had borrowed funds under the revolving loans aggregating $ 7.2 million . under the arc agreement , tocco also borrowed $ 70.0 million in a single advance term loan ( the “ acquisition term loan ” ) to partially finance the acquisition . under the arc agreement , tocco also has the right to borrow $ 25.0 million in a multiple advance loan ( the “ term loans , ” together with the revolving loans and acquisition term loan , collectively the “ loans ” ) . borrowing availability under the term loans ends on december 31 , 2015. the term loans convert from a multiple advance loan to a “ mini-perm ” loan once tocco has fulfilled certain obligations such as certification that construction of d-train was completed in a good and workmanlike manner , receipt of applicable permits and releases from governmental authorities , and receipt of releases of liens from the contractor and each subcontractor and supplier . the loans also include a $ 40,000,000 uncommitted increase option ( the “ accordion option ” ) . as of december 31 , 2014 , tocco had borrowed funds under this agreement aggregating $ 5.0 million . all of the loans under the arc agreement will accrue interest at the lower of ( i ) a london interbank offered rate ( “ eurodollar rate ” ) plus a margin of between 2.00 % and 2.50 % based on the total leverage ratio of tocco and its 19 subsidiaries on a consolidated basis , or ( ii ) a base rate ( “ base rate ” ) equal to the highest of the federal funds rate plus 0.50 % , the rate announced by bank of america , n.a . as its prime rate , and eurodollar rate plus 1.0 % , plus a margin of between 1.00 % to 1.50 % based on the total leverage ratio of tocco and its subsidiaries on a consolidated basis . story_separator_special_tag officer compensation increased $ 0.1 million due to the addition of an executive during the second half of 2012. directors ' fees also increased $ 0.1 million due to the addition of a director in the fourth quarter of 2012. post-retirement benefits increased due to the return to normal accrual for stock options , whereas for 2012 expired options were reversed . accounting fees increased $ 0.2 million due to the pcaob audits of amak for the years ended december 31 , 2012 , 2011 , and 2010 as well as , our 2012 amended filings including amak . insurance expense increased approximately $ 0.1 million due to changes in policy limits . investor relations expense increased $ 0.2 million due to the granting of warrants to the new investor relations firm . administrative expenses in saudi increased $ 0.1 million due to additional staffing requirements . these increases were partially offset by decreases in travel , legal fees , and expenses associated with amak in saudi arabia . depreciation 2013-2014 depreciation expense increased only slightly by 0.6 % from 2013 to 2014. many of the capital expenditures for 2014 remained in construction in progress accounts at year end . 2012-2013 depreciation expense increased 13.0 % from 2012 to 2013 due to an increase in the amount of depreciable assets year over year . equity in earnings ( losses ) of amak/gain on equity issuance of amak 2013-2014 equity in earnings ( losses ) of amak decreased 122.8 % from 2013 to 2014 due to a number of reasons as discussed below . our equity in amak 's results of operations for 2013 also included a gain from the additional equity issuance by amak of $ 4.0 million . there was no such gain in 2014. the mining sector as a whole has been depressed due to low metal prices and demand . however , the performance of amak to date has been below our expectation , and steps are being taken to improve performance and solidify its position over the long term . the project is self-supporting and cash flow is adequate to meet current needs . for 2014 shipments were 14.0 % short of budgeted volumes as indicated in the table below . there were no shipments in the first quarter of 2014 due to logistics delays and the rebuilding of warehouse stocks . shipments in the second quarter of 2014 , while up in number ( 4 ) , were limited by volume shipped . shipments in the third and fourth quarters were also limited by volume shipped . amak volumes in dry metric tons ( dmt ) for 2014 were as follows : replace_table_token_9_th 25 in addition , amak faced operational issues including mechanical issues and water shortages which caused the plant run time to decrease to 60 % versus the 80+ % which has been the norm over the first 18 months of operation . the water issues have been largely resolved with the addition of more wells , purchases of supplemental water via truck from nearby sources , and the addition of a dam and holding area in a nearby drainage area . the mechanical problems , while a continued concern due to the remote location and lack of vendor expertise within the country , are being addressed with the identification and stocking of critical spares and a change of management staff . during 2014 amak hired a new ceo ( a us citizen ) , a new mining engineer ( a canadian citizen ) , and a new mill manager ( an australian citizen ) . individuals previously in those positions did a creditable job in starting up the facility and getting it to the point of production . however , the amak board felt that for amak to advance to a consistent and profitable operation , a different set of skills was needed . amak incurred expenses to transition the new and old personnel . the new management team presented an action plan to the board of directors at the september meeting which outlined the steps to be taken for improvement and the timeline for implementation . implementation will take a good portion of 2015 to produce results . there was agreement among the group that the plan would position amak for a successful ipo on the saudi arabian stock exchange which is currently targeted for late 2016. finally , in an area over which amak has little to no control , average metal prices were softer for the period and negatively affected amak 's financial results . copper prices may continue to be volatile and are largely affected by economic data announcements from china . zinc prices are predicted to be stronger as time passes due to the run down and closure of several large mines this year and next . we continue to expect better performance based upon the activation of the precious metal circuit ; the activation of an improved and larger volume talc circuit prior ; improved recoveries and product quality based upon better process control and improvements made to mill equipment ; institution of better controls on the ore dilution ; and an ore blending program which should improve product quality and production levels . also in november 2014 , a favorably revised and amended contract with the chinese company supplying the labor for the mill operation was signed . 2012-2013 equity in earnings of amak increased $ 4.9 million from 2012 to 2013 due to amak being in operation for the entire 2013 year versus only a partial year in 2012. gain on equity issuance of amak increased $ 4.0 million from 2012 to 2013 due to the completion of an equity raise in may 2013 as discussed in note 8. capital expenditures 2013-2014 capital expenditures increased 104.8 % from 2013 to 2014. see capital expenditures discussion below for more detail . 2012-2013 capital expenditures decreased 16.1 % from 2012 to 2013. see capital expenditures discussion

