compared to 2018 , our revenues increased by $ 304.9 million , or 30 % , to $ 1.3 billion for the year ended december 31 , 2019. the increase was primarily related to the significant growth in active diners , which increased from 17.7 million as of december 31 , 2018 to 22.6 million at the end of december 31 , 2019 , driving an increase in daily average grubs to 492,300 during the year ended december 31 , 2019 from 435,900 daily average grubs during 2018. we processed $ 5.9 billion in gross food sales in 2019 , a 17 % increase from the $ 5.1 billion in 2018. the growth in active diners and daily average grubs was due to increased product and brand awareness largely as a result of marketing efforts and word-of-mouth referrals , better restaurant choices for diners in our markets , technology and product improvements to drive more orders . in addition , revenue increased during the year ended december 31 , 2019 compared to 2018 due to an increase in our average commission rates , the full year impact of the levelup and tapingo acquisitions and a higher average order size . net income ( loss ) decreased by $ 97.0 million to a loss of $ 18.6 million or $ 0.20 per diluted share during the year ended december 31 , 2019 compared to 2018. the decrease was primarily driven by investments to grow our marketplace , including the expansion of the delivery network and increased marketing to generate organic growth . additionally , compensation expense , payment processing costs and certain other expenses increased as a result of organic growth in the business and order volume . during the year ended december 31 , 2019 , we issued $ 500.0 million in aggregate principal amount of 5.500 % senior notes due july 1 , 2027 ( “ senior notes ” ) . we used $ 323.0 million of the net proceeds from the senior notes to prepay and extinguish the term loan facility portion of our existing credit facility and $ 17.3 million to pay down the outstanding balance of the revolving loan under our existing credit facility . we entered into an amended and restated credit agreement on february 6 , 2019 which provides for aggregate revolving loans up to $ 225 million , of which there were no outstanding borrowings as of december 31 , 2019. see part ii , item 8 , note 10 , debt , for additional details . key business metrics to analyze our business performance , determine financial forecasts and help develop long-term strategic plans , we review key business metrics which include transactions placed on the platform where the company provides marketing services to generate orders . the platform excludes transactions where the company exclusively provides technology or fulfillment services . the following key business metrics are reviewed : active diners . we count active diners as the number of unique diner accounts from which an order has been placed in the past twelve months through our platform . diner accounts from which an order has been placed on one of our websites or one of our mobile applications are included in our active diner metrics . active diners is an important metric for us because the number of diners 28 using our platform is a key revenue driver and a valuable measure of the size of our engaged diner community . some of our diners could have more than one account if they were to set up multiple accounts using a different e-mail address for each account . as a result , it is possible that our active diners metric may count certain diners more than once during any given period . daily average grubs . we count daily average grubs as the number of orders placed on our platform divided by the number of days for a given period . daily average grubs is an important metric for us because the number of orders processed on our platform is a key revenue driver and , in conjunction with the number of active diners , a valuable measure of diner activity on our platform for a given period . gross food sales . we calculate gross food sales as the total value of food , beverages , taxes , prepaid gratuities , and any diner-paid fees processed through our platform . we include all revenue generating orders placed on our platform in this metric . gross food sales is an important metric for us because the total volume of food sales transacted through our platform is a key revenue driver . because we act as an agent of the merchant in the transaction , revenues are recognized on a net basis for our commissions from the transaction , which are a percentage of the total gross food sales for such transaction . our key business metrics are as follows for the periods presented : replace_table_token_3_th we experienced growth across all of our key business metrics , active diners , daily average grubs and gross food sales , during the periods presented . 2019 compared to 2018 the company experienced growth across all of its key business metrics during the year ended december 31 , 2019 as compared to the prior year . growth in all metrics was primarily attributable to increased product and brand awareness by diners largely as a result of marketing efforts and word-of-mouth referrals , better restaurant choices for diners in our markets and technology and product improvements . for discussion related to 2018 key business metrics compared to 2017 , refer to the section titled “ operations review ” in part ii , item 7 , “ management 's discussion and analysis of financial condition and results of operations ” in our annual report on form 10-k for the year ended december 31 , 2018 ( “ 2018 form 10-k ” ) . story_separator_special_tag we have not experienced any loss or lack of access to our invested cash , cash equivalents or short-term investments ; however , such access could be adversely impacted by conditions in the financial markets in the future . we believe that our existing cash , cash equivalents , short term investments and borrowings available under the credit facility will be sufficient to meet our working capital requirements for at least the next twelve months . however , our liquidity assumptions may prove to be incorrect , and we could utilize our available financial resources sooner than currently expected . our future capital requirements and the adequacy of available funds will depend on many factors , including those set forth in part i , item 1a , “ risk factors ” of this annual report on form 10-k. if we are unable to obtain needed additional funds , we will have to reduce operating costs , which could impair our growth prospects and could otherwise negatively impact our business . 34 for most orders , diners use a credit card to pay for their meal when the order is placed . for these transactions , we collect the total amount of the diner 's order net of payment processing fees from the payment processor and remit the net proceeds to the restaurant less commission and other fees . outstanding credit card receivables are generally settled with the payment processors within two to four business days . we generally accumulate funds and remit the net proceeds to the restaurant partners on at least a monthly basis . restaurant partners have different contractual arrangements with us regarding payment frequency . they may be paid bi-weekly , weekly , monthly or , in some cases , more frequently when requested by the restaurant . we generally hold accumulated funds prior to remittance to the restaurants in a non-interest bearing operating bank account that is used to fund daily operations , including the liability to the restaurants . however , the company is not restricted from earning investment income on these funds under its restaurant contract terms and has made short term investments of proceeds in excess of our restaurant liability as described above . non-partnered restaurants are paid at the time of the order . seasonal fluctuations in our business may also affect the timing of cash flows . in metropolitan markets , we generally experience a relative increase in diner activity from september to april and a relative decrease in diner activity from may to august . in addition , we benefit from increased order volume in our campus markets when school is in session and experience a decrease in order volume when school is not in session , during summer breaks and other vacation periods . diner activity can also be impacted by colder or more inclement weather , which typically increases order volume , and warmer or sunny weather , which typically decreases order volume . these changes in diner activity and order volume have a direct impact on operating cash flows . while we expect this seasonal cash flow pattern to continue , changes in our business model could affect the timing or seasonal nature of our cash flows . on june 10 , 2019 , our wholly-owned subsidiary , grubhub holdings inc. , issued $ 500.0 million in aggregate principal amount of 5.500 % senior notes due july 1 , 2027 ( “ senior notes ” ) . interest is payable on the senior notes semi-annually on january and july of each year , beginning on january 1 , 2020. the first interest payment of $ 15.4 million was made in december 2019. the net proceeds from the sale of the senior notes were $ 494.4 million after deducting the initial purchasers ' discount and offering expenses . we used $ 323.0 million of the proceeds from the senior notes offering to prepay and extinguish the term loan facility portion of our existing credit facility and $ 17.3 million to pay down the outstanding balance of the revolving loan under the existing credit facility . the remaining proceeds will be used for general corporate purposes . the senior notes are guaranteed on a senior unsecured basis by the company and each of our existing and future wholly owned domestic restricted subsidiaries that guarantees the credit facility or that guarantees certain of our other indebtedness or indebtedness of a guarantor . we have the option to redeem all or a portion of the senior notes at various redemption or make-whole prices per the terms of indenture pursuant to which the senior notes were issued . in addition , we will be obligated to make an offer to repurchase the senior notes upon the occurrence of a change of control triggering event ( as defined in the indenture ) . see note 10 , debt , for additional details . on february 6 , 2019 , we entered into an amended and restated agreement which provides , among other things , for aggregate revolving loans up to $ 225 million and provided for term loans in an aggregate principal amount of $ 325 million ( the “ credit agreement ” ) . the $ 325 million term loan portion of the credit agreement was extinguished on june 10 , 2019. in addition to the $ 225 million aggregate undrawn revolving loans under the credit agreement as of december 31 , 2019 , we may incur up to $ 250 million of incremental revolving or term loans pursuant to the terms and conditions of the credit agreement . the credit facility under the credit agreement will be available until february 5 , 2024. the credit agreement amended and restated our prior $ 350 million credit facility , which was due to expire on october 9 , 2022 ( the “ previous credit agreement ” ) . see part ii , item 8 , note 10 , debt , for additional details

cash flows provided by financing activities our financing activities during the periods presented consisted primarily of proceeds from the issuance of long-term debt , proceeds from the issuance of common stock , repayments of borrowings under the credit agreement , and taxes paid related to the net settlement of stock-based compensation awards . for the year ended december 31 , 2019 , net cash provided by financing activities was $ 129.3 million compared to $ 346.7 million for the year ended december 31 , 2018. the decrease in net cash provided by financing activities was primarily related to the issuance of common stock of $ 200.0 million in the prior year , an increase in repayments of long-term debt , net of proceeds , of $ 10.4 million , a decrease in proceeds from exercises of stock options of $ 9.7 million and debt issuance costs of $ 9.1 million in 2019 , partially offset by a decrease in taxes paid related to the net settlement of stock-based compensation awards of $ 11.8 million as compared to the prior year . for the year ended december 31 , 2018 , net cash provided by financing activities was $ 346.7 million compared to $ 178.1 million for the year ended december 31 , 2017. the increase in net cash provided by financing activities was primarily related to $ 200.0 million in proceeds received from the issuance of our common stock to yum restaurant services group , llc ( see part ii , item 8 , note 13 , stockholders ' equity ) and $ 22.0 million in additional proceeds received from borrowings under the credit facility in 2018. these increases were partially offset by the increase in repayments of borrowings under the credit facility of $ 28.1 million during the year ended december 31 , 2018 and an increase 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.
     ```cash flows provided by financing activities our financing activities during the periods presented consisted primarily of proceeds from the issuance of long-term debt , proceeds from the issuance of common stock , repayments of borrowings under the credit agreement , and taxes paid related to the net settlement of stock-based compensation awards . for the year ended december 31 , 2019 , net cash provided by financing activities was $ 129.3 million compared to $ 346.7 million for the year ended december 31 , 2018. the decrease in net cash provided by financing activities was primarily related to the issuance of common stock of $ 200.0 million in the prior year , an increase in repayments of long-term debt , net of proceeds , of $ 10.4 million , a decrease in proceeds from exercises of stock options of $ 9.7 million and debt issuance costs of $ 9.1 million in 2019 , partially offset by a decrease in taxes paid related to the net settlement of stock-based compensation awards of $ 11.8 million as compared to the prior year . for the year ended december 31 , 2018 , net cash provided by financing activities was $ 346.7 million compared to $ 178.1 million for the year ended december 31 , 2017. the increase in net cash provided by financing activities was primarily related to $ 200.0 million in proceeds received from the issuance of our common stock to yum restaurant services group , llc ( see part ii , item 8 , note 13 , stockholders ' equity ) and $ 22.0 million in additional proceeds received from borrowings under the credit facility in 2018. these increases were partially offset by the increase in repayments of borrowings under the credit facility of $ 28.1 million during the year ended december 31 , 2018 and an increase of
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 Suspicious Activity Report : compared to 2018 , our revenues increased by $ 304.9 million , or 30 % , to $ 1.3 billion for the year ended december 31 , 2019. the increase was primarily related to the significant growth in active diners , which increased from 17.7 million as of december 31 , 2018 to 22.6 million at the end of december 31 , 2019 , driving an increase in daily average grubs to 492,300 during the year ended december 31 , 2019 from 435,900 daily average grubs during 2018. we processed $ 5.9 billion in gross food sales in 2019 , a 17 % increase from the $ 5.1 billion in 2018. the growth in active diners and daily average grubs was due to increased product and brand awareness largely as a result of marketing efforts and word-of-mouth referrals , better restaurant choices for diners in our markets , technology and product improvements to drive more orders . in addition , revenue increased during the year ended december 31 , 2019 compared to 2018 due to an increase in our average commission rates , the full year impact of the levelup and tapingo acquisitions and a higher average order size . net income ( loss ) decreased by $ 97.0 million to a loss of $ 18.6 million or $ 0.20 per diluted share during the year ended december 31 , 2019 compared to 2018. the decrease was primarily driven by investments to grow our marketplace , including the expansion of the delivery network and increased marketing to generate organic growth . additionally , compensation expense , payment processing costs and certain other expenses increased as a result of organic growth in the business and order volume . during the year ended december 31 , 2019 , we issued $ 500.0 million in aggregate principal amount of 5.500 % senior notes due july 1 , 2027 ( “ senior notes ” ) . we used $ 323.0 million of the net proceeds from the senior notes to prepay and extinguish the term loan facility portion of our existing credit facility and $ 17.3 million to pay down the outstanding balance of the revolving loan under our existing credit facility . we entered into an amended and restated credit agreement on february 6 , 2019 which provides for aggregate revolving loans up to $ 225 million , of which there were no outstanding borrowings as of december 31 , 2019. see part ii , item 8 , note 10 , debt , for additional details . key business metrics to analyze our business performance , determine financial forecasts and help develop long-term strategic plans , we review key business metrics which include transactions placed on the platform where the company provides marketing services to generate orders . the platform excludes transactions where the company exclusively provides technology or fulfillment services . the following key business metrics are reviewed : active diners . we count active diners as the number of unique diner accounts from which an order has been placed in the past twelve months through our platform . diner accounts from which an order has been placed on one of our websites or one of our mobile applications are included in our active diner metrics . active diners is an important metric for us because the number of diners 28 using our platform is a key revenue driver and a valuable measure of the size of our engaged diner community . some of our diners could have more than one account if they were to set up multiple accounts using a different e-mail address for each account . as a result , it is possible that our active diners metric may count certain diners more than once during any given period . daily average grubs . we count daily average grubs as the number of orders placed on our platform divided by the number of days for a given period . daily average grubs is an important metric for us because the number of orders processed on our platform is a key revenue driver and , in conjunction with the number of active diners , a valuable measure of diner activity on our platform for a given period . gross food sales . we calculate gross food sales as the total value of food , beverages , taxes , prepaid gratuities , and any diner-paid fees processed through our platform . we include all revenue generating orders placed on our platform in this metric . gross food sales is an important metric for us because the total volume of food sales transacted through our platform is a key revenue driver . because we act as an agent of the merchant in the transaction , revenues are recognized on a net basis for our commissions from the transaction , which are a percentage of the total gross food sales for such transaction . our key business metrics are as follows for the periods presented : replace_table_token_3_th we experienced growth across all of our key business metrics , active diners , daily average grubs and gross food sales , during the periods presented . 2019 compared to 2018 the company experienced growth across all of its key business metrics during the year ended december 31 , 2019 as compared to the prior year . growth in all metrics was primarily attributable to increased product and brand awareness by diners largely as a result of marketing efforts and word-of-mouth referrals , better restaurant choices for diners in our markets and technology and product improvements . for discussion related to 2018 key business metrics compared to 2017 , refer to the section titled “ operations review ” in part ii , item 7 , “ management 's discussion and analysis of financial condition and results of operations ” in our annual report on form 10-k for the year ended december 31 , 2018 ( “ 2018 form 10-k ” ) . story_separator_special_tag we have not experienced any loss or lack of access to our invested cash , cash equivalents or short-term investments ; however , such access could be adversely impacted by conditions in the financial markets in the future . we believe that our existing cash , cash equivalents , short term investments and borrowings available under the credit facility will be sufficient to meet our working capital requirements for at least the next twelve months . however , our liquidity assumptions may prove to be incorrect , and we could utilize our available financial resources sooner than currently expected . our future capital requirements and the adequacy of available funds will depend on many factors , including those set forth in part i , item 1a , “ risk factors ” of this annual report on form 10-k. if we are unable to obtain needed additional funds , we will have to reduce operating costs , which could impair our growth prospects and could otherwise negatively impact our business . 34 for most orders , diners use a credit card to pay for their meal when the order is placed . for these transactions , we collect the total amount of the diner 's order net of payment processing fees from the payment processor and remit the net proceeds to the restaurant less commission and other fees . outstanding credit card receivables are generally settled with the payment processors within two to four business days . we generally accumulate funds and remit the net proceeds to the restaurant partners on at least a monthly basis . restaurant partners have different contractual arrangements with us regarding payment frequency . they may be paid bi-weekly , weekly , monthly or , in some cases , more frequently when requested by the restaurant . we generally hold accumulated funds prior to remittance to the restaurants in a non-interest bearing operating bank account that is used to fund daily operations , including the liability to the restaurants . however , the company is not restricted from earning investment income on these funds under its restaurant contract terms and has made short term investments of proceeds in excess of our restaurant liability as described above . non-partnered restaurants are paid at the time of the order . seasonal fluctuations in our business may also affect the timing of cash flows . in metropolitan markets , we generally experience a relative increase in diner activity from september to april and a relative decrease in diner activity from may to august . in addition , we benefit from increased order volume in our campus markets when school is in session and experience a decrease in order volume when school is not in session , during summer breaks and other vacation periods . diner activity can also be impacted by colder or more inclement weather , which typically increases order volume , and warmer or sunny weather , which typically decreases order volume . these changes in diner activity and order volume have a direct impact on operating cash flows . while we expect this seasonal cash flow pattern to continue , changes in our business model could affect the timing or seasonal nature of our cash flows . on june 10 , 2019 , our wholly-owned subsidiary , grubhub holdings inc. , issued $ 500.0 million in aggregate principal amount of 5.500 % senior notes due july 1 , 2027 ( “ senior notes ” ) . interest is payable on the senior notes semi-annually on january and july of each year , beginning on january 1 , 2020. the first interest payment of $ 15.4 million was made in december 2019. the net proceeds from the sale of the senior notes were $ 494.4 million after deducting the initial purchasers ' discount and offering expenses . we used $ 323.0 million of the proceeds from the senior notes offering to prepay and extinguish the term loan facility portion of our existing credit facility and $ 17.3 million to pay down the outstanding balance of the revolving loan under the existing credit facility . the remaining proceeds will be used for general corporate purposes . the senior notes are guaranteed on a senior unsecured basis by the company and each of our existing and future wholly owned domestic restricted subsidiaries that guarantees the credit facility or that guarantees certain of our other indebtedness or indebtedness of a guarantor . we have the option to redeem all or a portion of the senior notes at various redemption or make-whole prices per the terms of indenture pursuant to which the senior notes were issued . in addition , we will be obligated to make an offer to repurchase the senior notes upon the occurrence of a change of control triggering event ( as defined in the indenture ) . see note 10 , debt , for additional details . on february 6 , 2019 , we entered into an amended and restated agreement which provides , among other things , for aggregate revolving loans up to $ 225 million and provided for term loans in an aggregate principal amount of $ 325 million ( the “ credit agreement ” ) . the $ 325 million term loan portion of the credit agreement was extinguished on june 10 , 2019. in addition to the $ 225 million aggregate undrawn revolving loans under the credit agreement as of december 31 , 2019 , we may incur up to $ 250 million of incremental revolving or term loans pursuant to the terms and conditions of the credit agreement . the credit facility under the credit agreement will be available until february 5 , 2024. the credit agreement amended and restated our prior $ 350 million credit facility , which was due to expire on october 9 , 2022 ( the “ previous credit agreement ” ) . see part ii , item 8 , note 10 , debt , for additional details

