although our jurisdiction of organization is ireland , we manage our affairs so that we are centrally managed and controlled in the united kingdom ( the `` u.k. `` ) and therefore have our tax residency in the u.k. our former parent company , pentair ltd. , took its form on september 28 , 2012 as a result of a reverse acquisition ( the `` merger `` ) involving pentair , inc. and an indirect , wholly-owned subsidiary of flow control ( defined below ) , with pentair , inc. surviving as an indirect , wholly-owned subsidiary of pentair ltd. `` flow control `` refers to pentair ltd. prior the merger . prior to the merger , tyco international ltd. ( `` tyco `` ) engaged in an internal restructuring whereby it transferred to flow control certain assets related to the flow control business of tyco , and flow control assumed from tyco certain liabilities related to the flow control business of tyco . on september 28 , 2012 prior to the merger , tyco effected a spin-off of flow control through the pro-rata distribution of 100 % of the outstanding ordinary shares of flow control to tyco 's shareholders ( the `` distribution `` ) , resulting in the distribution of approximately 110.9 million of our ordinary shares to tyco 's shareholders . the merger was accounted for as a reverse acquisition under the purchase method of accounting with pentair , inc. treated as the acquirer . on january 30 , 2014 , we acquired , as part of water quality systems , the remaining 19.9 percent ownership interest in two entities , a u.s. entity and an international entity ( collectively , pentair residential filtration or `` prf `` ) , from ge water & process technologies ( a unit of general electric company ) ( `` ge `` ) for $ 134.3 million in cash . prior to the acquisition , we held a 80.1 percent ownership equity interest in prf , representing our and ge 's respective global water softener and residential water filtration businesses . 22 on july 28 , 2014 , our board of directors approved a decision to exit our water transport business in australia . the results of the water transport business have been presented as discontinued operations and the assets and liabilities of the water transport business have been reclassified as held for sale for all periods presented . during 2014 , we recognized an impairment charge related to allocated amounts of goodwill , intangible assets , property , plant & equipment and other non-current assets totaling $ 380.1 million , net of tax , representing our estimated loss on disposal of the water transport business . the sale of the water transport business was completed in 2015. on september 18 , 2015 , we acquired , as part of technical solutions , all of the outstanding shares of capital stock of erico global company ( `` erico `` ) for approximately 1.8 billion ( the `` erico acquisition `` ) . erico is a leading global manufacturer and marketer of engineered electrical and fastening products for electrical , mechanical and civil applications . erico has employees in 30 countries across the world with recognized brands including caddy fixing , fastening and support products ; erico electrical grounding , bonding and connectivity products and lenton engineered systems . on august 18 , 2016 , we entered into a share purchase agreement to sell our valves & controls business to emerson electric co. for a purchase price of $ 3.15 billion in cash , subject to customary adjustments . we believe the sale will be completed by the end of the first quarter of 2017 , subject to customary regulatory approvals and closing conditions . the results of the valves and controls business have been presented as discontinued operations and the related assets and liabilities have been reclassified as held for sale for all periods presented . the valves & controls business was previously disclosed as a stand-alone reporting segment . key trends and uncertainties regarding our existing business the following trends and uncertainties affected our financial performance in 2016 and 2015 , and will likely impact our results in the future : despite the favorable long-term outlook for our end-markets , we experience differing levels of volatility depending on the end-market and may continue to do so over the medium and longer term . during 2015 and 2016 , our core sales have been challenged by broad-based industrial capital expenditure and maintenance deferrals . we expect this trend to continue into 2017. we experienced declines within our industrial and energy businesses . we expect headwinds in the industrial and energy businesses to continue and oil prices to remain depressed into 2017. we initiated restructuring actions to offset the negative earnings impact of core revenue decline and foreign exchange . we expect to continue these actions into 2017 and these actions will contribute to margin growth in 2017. in late 2015 and continuing through 2016 , our results were negatively impacted due to the strengthening of the u.s. dollar against most key global currencies . we expect this trend to continue into 2017. we have identified specific product and geographic market opportunities that we find attractive and continue to pursue , both within and outside the united states . we are reinforcing our businesses to more effectively address these opportunities through research and development and additional sales and marketing resources . unless we successfully penetrate these markets , our core sales growth will likely be limited or may decline . we have experienced material and other cost inflation . we strive for productivity improvements , and we implement increases in selling prices to help mitigate this inflation . we expect the current economic environment will result in continuing price volatility for many of our raw materials , and we are uncertain as to the timing and impact of these market changes . story_separator_special_tag we experience seasonal cash flows primarily due to seasonal demand in a number of markets within flow & filtration solutions and water quality systems . we generally borrow in the first quarter of our fiscal year for operational purposes , which usage reverses in the second quarter as the seasonality of our businesses peaks . end-user demand for pool and certain pumping equipment follows warm weather trends and is at seasonal highs from april to august . the magnitude of the sales spike is partially mitigated by employing some advance sale `` early buy `` programs ( generally including extended payment terms and or 31 additional discounts ) . demand for residential and agricultural water systems is also impacted by weather patterns , particularly by heavy flooding and droughts . additionally , technical solutions generally experiences increased demand for thermal protection products and services during the fall and winter months in the northern hemisphere . operating activities cash provided by operating activities of continuing operations was $ 702.4 million in 2016 , or $ 104.7 million higher than in 2015 . the increase in cash provided by operating activities from continuing operations was due primarily to a $ 122.6 million increase in net income from continuing operations , net of the following non-cash items : depreciation and amortization , loss on sale of businesses , trade name impairment and pension and other post-retirement expense . cash provided by operating activities from continuing operations was $ 597.7 million in 2015 , or $ 78.3 million lower than in 2014 . the decrease in cash provided by operating activities from continuing operations was due primarily to changes in non-cash pension and other post-retirement expenses and increases in net working capital during 2015. investing activities story_separator_special_tag have the ability and sufficient capacity to meet these cash requirements by using available cash and internally generated funds and to borrow under our committed and uncommitted credit facilities . further , we plan to utilize a portion of the proceeds from the sale of our valves & controls business to retire a significant portion of outstanding debt , and thus reduce our future contractual obligations . we believe the sale of the valves & controls business will be completed by the end of the first quarter of 2017 , subject to customary regulatory approvals and closing conditions . dividends on december 6 , 2016 , the board of directors declared a quarterly cash dividend of $ 0.345 that was paid on february 10 , 2017 to shareholders of record at the close of business on january 27 , 2017. additionally , the board of director 's approved a plan to increase the 2017 annual cash dividend to $ 1.38 , which is intended to paid in four quarterly installments . the 2017 increase will mark the 41 st consecutive year we have increased dividends . 33 we paid dividends in 2016 of $ 243.6 million , or $ 1.34 per ordinary share , compared with $ 231.7 million , or $ 1.28 per ordinary share , in 2015 and $ 211.4 million , or $ 1.10 per ordinary share , in 2014 . under irish law , the payment of future cash dividends and repurchases of shares may be paid only out of pentair plc 's `` distributable reserves `` on its statutory balance sheet . pentair plc is not permitted to pay dividends out of share capital , which includes share premiums . distributable reserves may be created through the earnings of the irish parent company and through a reduction in share capital approved by the irish high court . distributable reserves are not linked to a u.s. generally accepted accounting principles ( `` gaap `` ) reported amount ( e.g . , retained earnings ) . on july 22 , 2014 , the irish high court approved pentair plc 's conversion of approximately $ 14.4 billion of share premium to distributable reserves . on july 29 , 2014 , following the approval of the irish high court , we made the required filing of pentair plc 's initial accounts with the irish companies registration office , which completed the process to allow us to pay future cash dividends and redeem and repurchase shares out of pentair plc 's `` distributable reserves . `` our distributable reserve balance was $ 9.4 billion and $ 9.6 billion as of december 31 , 2016 and 2015 , respectively . authorized shares our authorized share capital consists of 426.0 million ordinary shares with a par value of $ 0.01 per share . ordinary shares held in treasury in august 2015 , we canceled all of our ordinary shares held in treasury . at the time of the cancellation , we held 19.1 million ordinary shares in treasury at a cost of $ 1.2 billion . share repurchases prior to the closing of the merger , our board of directors , and tyco as our sole shareholder , authorized the repurchase of our ordinary shares with a maximum aggregate value of $ 400.0 million following the closing of the merger . in october 2012 , the board of directors authorized the repurchase of our ordinary shares with a maximum dollar limit of $ 800.0 million . the authorization expired on december 31 , 2015. there is no remaining availability under the 2012 authorizations . in december 2013 , the board of directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $ 1.0 billion . the authorization expired on december 31 , 2016. there is no remaining availability under the 2013 authorization . in december 2014 , the board of directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $ 1.0 billion . the authorization expires on december 31 , 2019 . during the year ended december 31 , 2015 , we repurchased 3.1 million of our ordinary shares for $ 200.0 million . we have $ 800.0

net cash used for investing activities of continuing operations was $ 123.3 million in 2016 , compared to $ 2,003.6 million in 2015 and $ 93.9 million in 2014 . the following investing activities impacted our cash flow : acquisitions in november 2016 , we paid cash of $ 25.0 million to acquire a business as part of water quality systems . in 2015 , we paid cash of $ 1,806.3 million , net of cash acquired , to acquire erico global company during the third quarter and cash of $ 96.0 million , net of cash acquired , to acquire nuheat industries limited ( `` nuheat '' ) during the second quarter , both as part of technical solutions . during the fourth quarter , we paid an additional $ 0.9 million related to the nuheat acquisition in settlement of a working capital adjustment . in december 2014 , we paid cash of $ 7.5 million and $ 4.8 million to acquire businesses as part of water quality systems and technical solutions , respectively . capital expenditures capital expenditures in 2016 , 2015 and 2014 were $ 117.8 million , $ 91.3 million and $ 83.7 million , respectively . we anticipate capital expenditures for fiscal 2017 to be approximately $ 100 million , primarily for capacity expansions of manufacturing facilities located in our low-cost countries , developing new products and general maintenance . financing activities net cash used for financing activities was $ 600.1 million in 2016 . cash used for financing activities in 2016 was primarily due to net repayments of commercial paper and revolving long-term debt and payment of dividends . net cash provided by financing activities was $ 1,286.3 million in 2015 . cash provided by financing activities in 2015 was primarily due to cash proceeds received from the september 2015 issuance of senior notes ( discussed below ) , partially offset by share repurchases , repayment of $ 350.0 million of senior notes due 2015 and payment of dividends . net cash used for financing activities was $ 995.1 million in 2014 .


 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.
     ```net cash used for investing activities of continuing operations was $ 123.3 million in 2016 , compared to $ 2,003.6 million in 2015 and $ 93.9 million in 2014 . the following investing activities impacted our cash flow : acquisitions in november 2016 , we paid cash of $ 25.0 million to acquire a business as part of water quality systems . in 2015 , we paid cash of $ 1,806.3 million , net of cash acquired , to acquire erico global company during the third quarter and cash of $ 96.0 million , net of cash acquired , to acquire nuheat industries limited ( `` nuheat '' ) during the second quarter , both as part of technical solutions . during the fourth quarter , we paid an additional $ 0.9 million related to the nuheat acquisition in settlement of a working capital adjustment . in december 2014 , we paid cash of $ 7.5 million and $ 4.8 million to acquire businesses as part of water quality systems and technical solutions , respectively . capital expenditures capital expenditures in 2016 , 2015 and 2014 were $ 117.8 million , $ 91.3 million and $ 83.7 million , respectively . we anticipate capital expenditures for fiscal 2017 to be approximately $ 100 million , primarily for capacity expansions of manufacturing facilities located in our low-cost countries , developing new products and general maintenance . financing activities net cash used for financing activities was $ 600.1 million in 2016 . cash used for financing activities in 2016 was primarily due to net repayments of commercial paper and revolving long-term debt and payment of dividends . net cash provided by financing activities was $ 1,286.3 million in 2015 . cash provided by financing activities in 2015 was primarily due to cash proceeds received from the september 2015 issuance of senior notes ( discussed below ) , partially offset by share repurchases , repayment of $ 350.0 million of senior notes due 2015 and payment of dividends . net cash used for financing activities was $ 995.1 million in 2014 .
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 Suspicious Activity Report : although our jurisdiction of organization is ireland , we manage our affairs so that we are centrally managed and controlled in the united kingdom ( the `` u.k. `` ) and therefore have our tax residency in the u.k. our former parent company , pentair ltd. , took its form on september 28 , 2012 as a result of a reverse acquisition ( the `` merger `` ) involving pentair , inc. and an indirect , wholly-owned subsidiary of flow control ( defined below ) , with pentair , inc. surviving as an indirect , wholly-owned subsidiary of pentair ltd. `` flow control `` refers to pentair ltd. prior the merger . prior to the merger , tyco international ltd. ( `` tyco `` ) engaged in an internal restructuring whereby it transferred to flow control certain assets related to the flow control business of tyco , and flow control assumed from tyco certain liabilities related to the flow control business of tyco . on september 28 , 2012 prior to the merger , tyco effected a spin-off of flow control through the pro-rata distribution of 100 % of the outstanding ordinary shares of flow control to tyco 's shareholders ( the `` distribution `` ) , resulting in the distribution of approximately 110.9 million of our ordinary shares to tyco 's shareholders . the merger was accounted for as a reverse acquisition under the purchase method of accounting with pentair , inc. treated as the acquirer . on january 30 , 2014 , we acquired , as part of water quality systems , the remaining 19.9 percent ownership interest in two entities , a u.s. entity and an international entity ( collectively , pentair residential filtration or `` prf `` ) , from ge water & process technologies ( a unit of general electric company ) ( `` ge `` ) for $ 134.3 million in cash . prior to the acquisition , we held a 80.1 percent ownership equity interest in prf , representing our and ge 's respective global water softener and residential water filtration businesses . 22 on july 28 , 2014 , our board of directors approved a decision to exit our water transport business in australia . the results of the water transport business have been presented as discontinued operations and the assets and liabilities of the water transport business have been reclassified as held for sale for all periods presented . during 2014 , we recognized an impairment charge related to allocated amounts of goodwill , intangible assets , property , plant & equipment and other non-current assets totaling $ 380.1 million , net of tax , representing our estimated loss on disposal of the water transport business . the sale of the water transport business was completed in 2015. on september 18 , 2015 , we acquired , as part of technical solutions , all of the outstanding shares of capital stock of erico global company ( `` erico `` ) for approximately 1.8 billion ( the `` erico acquisition `` ) . erico is a leading global manufacturer and marketer of engineered electrical and fastening products for electrical , mechanical and civil applications . erico has employees in 30 countries across the world with recognized brands including caddy fixing , fastening and support products ; erico electrical grounding , bonding and connectivity products and lenton engineered systems . on august 18 , 2016 , we entered into a share purchase agreement to sell our valves & controls business to emerson electric co. for a purchase price of $ 3.15 billion in cash , subject to customary adjustments . we believe the sale will be completed by the end of the first quarter of 2017 , subject to customary regulatory approvals and closing conditions . the results of the valves and controls business have been presented as discontinued operations and the related assets and liabilities have been reclassified as held for sale for all periods presented . the valves & controls business was previously disclosed as a stand-alone reporting segment . key trends and uncertainties regarding our existing business the following trends and uncertainties affected our financial performance in 2016 and 2015 , and will likely impact our results in the future : despite the favorable long-term outlook for our end-markets , we experience differing levels of volatility depending on the end-market and may continue to do so over the medium and longer term . during 2015 and 2016 , our core sales have been challenged by broad-based industrial capital expenditure and maintenance deferrals . we expect this trend to continue into 2017. we experienced declines within our industrial and energy businesses . we expect headwinds in the industrial and energy businesses to continue and oil prices to remain depressed into 2017. we initiated restructuring actions to offset the negative earnings impact of core revenue decline and foreign exchange . we expect to continue these actions into 2017 and these actions will contribute to margin growth in 2017. in late 2015 and continuing through 2016 , our results were negatively impacted due to the strengthening of the u.s. dollar against most key global currencies . we expect this trend to continue into 2017. we have identified specific product and geographic market opportunities that we find attractive and continue to pursue , both within and outside the united states . we are reinforcing our businesses to more effectively address these opportunities through research and development and additional sales and marketing resources . unless we successfully penetrate these markets , our core sales growth will likely be limited or may decline . we have experienced material and other cost inflation . we strive for productivity improvements , and we implement increases in selling prices to help mitigate this inflation . we expect the current economic environment will result in continuing price volatility for many of our raw materials , and we are uncertain as to the timing and impact of these market changes . story_separator_special_tag we experience seasonal cash flows primarily due to seasonal demand in a number of markets within flow & filtration solutions and water quality systems . we generally borrow in the first quarter of our fiscal year for operational purposes , which usage reverses in the second quarter as the seasonality of our businesses peaks . end-user demand for pool and certain pumping equipment follows warm weather trends and is at seasonal highs from april to august . the magnitude of the sales spike is partially mitigated by employing some advance sale `` early buy `` programs ( generally including extended payment terms and or 31 additional discounts ) . demand for residential and agricultural water systems is also impacted by weather patterns , particularly by heavy flooding and droughts . additionally , technical solutions generally experiences increased demand for thermal protection products and services during the fall and winter months in the northern hemisphere . operating activities cash provided by operating activities of continuing operations was $ 702.4 million in 2016 , or $ 104.7 million higher than in 2015 . the increase in cash provided by operating activities from continuing operations was due primarily to a $ 122.6 million increase in net income from continuing operations , net of the following non-cash items : depreciation and amortization , loss on sale of businesses , trade name impairment and pension and other post-retirement expense . cash provided by operating activities from continuing operations was $ 597.7 million in 2015 , or $ 78.3 million lower than in 2014 . the decrease in cash provided by operating activities from continuing operations was due primarily to changes in non-cash pension and other post-retirement expenses and increases in net working capital during 2015. investing activities story_separator_special_tag have the ability and sufficient capacity to meet these cash requirements by using available cash and internally generated funds and to borrow under our committed and uncommitted credit facilities . further , we plan to utilize a portion of the proceeds from the sale of our valves & controls business to retire a significant portion of outstanding debt , and thus reduce our future contractual obligations . we believe the sale of the valves & controls business will be completed by the end of the first quarter of 2017 , subject to customary regulatory approvals and closing conditions . dividends on december 6 , 2016 , the board of directors declared a quarterly cash dividend of $ 0.345 that was paid on february 10 , 2017 to shareholders of record at the close of business on january 27 , 2017. additionally , the board of director 's approved a plan to increase the 2017 annual cash dividend to $ 1.38 , which is intended to paid in four quarterly installments . the 2017 increase will mark the 41 st consecutive year we have increased dividends . 33 we paid dividends in 2016 of $ 243.6 million , or $ 1.34 per ordinary share , compared with $ 231.7 million , or $ 1.28 per ordinary share , in 2015 and $ 211.4 million , or $ 1.10 per ordinary share , in 2014 . under irish law , the payment of future cash dividends and repurchases of shares may be paid only out of pentair plc 's `` distributable reserves `` on its statutory balance sheet . pentair plc is not permitted to pay dividends out of share capital , which includes share premiums . distributable reserves may be created through the earnings of the irish parent company and through a reduction in share capital approved by the irish high court . distributable reserves are not linked to a u.s. generally accepted accounting principles ( `` gaap `` ) reported amount ( e.g . , retained earnings ) . on july 22 , 2014 , the irish high court approved pentair plc 's conversion of approximately $ 14.4 billion of share premium to distributable reserves . on july 29 , 2014 , following the approval of the irish high court , we made the required filing of pentair plc 's initial accounts with the irish companies registration office , which completed the process to allow us to pay future cash dividends and redeem and repurchase shares out of pentair plc 's `` distributable reserves . `` our distributable reserve balance was $ 9.4 billion and $ 9.6 billion as of december 31 , 2016 and 2015 , respectively . authorized shares our authorized share capital consists of 426.0 million ordinary shares with a par value of $ 0.01 per share . ordinary shares held in treasury in august 2015 , we canceled all of our ordinary shares held in treasury . at the time of the cancellation , we held 19.1 million ordinary shares in treasury at a cost of $ 1.2 billion . share repurchases prior to the closing of the merger , our board of directors , and tyco as our sole shareholder , authorized the repurchase of our ordinary shares with a maximum aggregate value of $ 400.0 million following the closing of the merger . in october 2012 , the board of directors authorized the repurchase of our ordinary shares with a maximum dollar limit of $ 800.0 million . the authorization expired on december 31 , 2015. there is no remaining availability under the 2012 authorizations . in december 2013 , the board of directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $ 1.0 billion . the authorization expired on december 31 , 2016. there is no remaining availability under the 2013 authorization . in december 2014 , the board of directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $ 1.0 billion . the authorization expires on december 31 , 2019 . during the year ended december 31 , 2015 , we repurchased 3.1 million of our ordinary shares for $ 200.0 million . we have $ 800.0

