selling , general , and administrative ( `` sg & a `` ) expenses consist primarily of fixed and incentive-based compensation , advertising , rent , insurance , utilities , and other customary operating expenses . a significant portion of our cost structure is variable ( such as sales commissions ) , or controllable ( such as advertising ) , which we believe allows us to adapt to changes in the retail environment over the long-term . we evaluate commissions paid to salespeople as a percentage of retail vehicle gross profit , advertising expense on a per vehicle retailed ( `` pvr `` ) basis , and all other sg & a expenses in the aggregate as a percentage of total gross profit . we had total available liquidity of $ 472.9 million as of december 31 , 2019 , which consisted of cash and cash equivalents of $ 3.5 million , $ 132.1 million of funds in our floor plan offset accounts , $ 190.0 million of availability under our new vehicle floor plan facility that is able to be convert to our revolving credit facility , $ 47.3 million of availability under our revolving credit facility , and $ 100.0 million of availability under our used vehicle revolving floor plan facility . for further discussion of our liquidity , please refer to `` liquidity and capital resources `` below . 32 critical accounting policies and significant estimates preparation of financial statements in conformity with accounting principles generally accepted in the united states of america , requires management to make estimates and assumptions , that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities , as of the date of the financial statements , and reported amounts of revenues and expenses during the periods presented . on an ongoing basis , management evaluates their estimates and assumptions and the effects of any such revisions are reflected in the financial statements , in the period in which they are determined to be necessary . actual outcomes could differ materially from those estimates in a manner that could have a material effect on our consolidated financial statements . set forth below are the policies and estimates that we have identified as critical to our business operations and understanding our results of operations , based on the high degree of judgment or complexity in their application . goodwill and manufacturer franchise rights— goodwill represents the excess cost of an acquired business over the fair market value of its identifiable assets and liabilities . we have determined that , based on how we integrate acquisitions into our business , how the components of our business share resources and interact with one another , and how we review the results of our operations , that we have several geographic market-based operating segments . we have determined that the dealerships in each of our operating segments are components that are aggregated into several geographic market-based reporting units for the purpose of testing goodwill for impairment , as they ( i ) have similar economic characteristics , ( ii ) offer similar products and services ( all of our franchised dealerships offer new and used vehicles , parts and service , and arrange for third-party vehicle financing and the sale of insurance products ) , ( iii ) have similar customers , ( iv ) have similar distribution and marketing practices ( all of our dealerships distribute products and services through dealership facilities that market to customers in similar ways ) and ( v ) operate under similar regulatory environments . our only significant identifiable intangible assets , other than goodwill , are our rights under franchise agreements with manufacturers , which are recorded at an individual franchise level . the fair value of our manufacturer franchise rights are determined at the acquisition date , by discounting the projected cash flows specific to each franchise . we have determined that manufacturer franchise rights have an indefinite life as there are no economic , contractual or other factors that limit their useful lives , and they are expected to generate cash flows indefinitely due to the historically long lives of the manufacturers ' brand names . furthermore , to the extent that any agreements evidencing our manufacturer franchise rights would expire , we expect that we would be able to renew those agreements in the ordinary course of business . we performed quantitative impairment tests as of october 1 , 2019 , and identified six dealerships with franchise rights carrying values that exceeded their fair values , and as a result , recorded non-cash impairment charges of $ 7.1 million . we do not amortize goodwill and other intangible assets that are deemed to have indefinite lives . we review goodwill and manufacturer franchise rights for impairment annually as of october 1 st , or more often if events or circumstances indicate that any impairment may have occurred . we are subject to financial statement risk to the extent that goodwill becomes impaired due to decreases in the fair value of our automotive retail business or manufacturer franchise rights become impaired due to decreases in the fair value of our individual franchises . f & i chargeback reserves we receive commissions from third-party lending and insurance institutions for arranging customer financing and from the sale of vehicle service contracts , guaranteed asset protection ( known as `` gap `` ) debt cancellation , and other insurance to customers ( collectively `` f & i `` ) . f & i commissions are recorded at the time the associated vehicle is sold . we may be charged back for f & i commissions in the event a contract is prepaid , defaulted upon , or terminated ( `` chargebacks `` ) . f & i commissions , net of estimated future chargebacks , are included in finance and insurance , net in the accompanying consolidated statements of income . story_separator_special_tag total other expenses , net increased by $ 7.5 million in 2018 , primarily due to a $ 9.8 million increase in floor plan interest expense in 2018 , partially offset by a $ 1.5 million decrease in swap interest expense and a $ 0.8 million decrease in other interest expense , net . as a result , income before income taxes increased by $ 15.7 million ( 8 % ) to $ 224.8 million in 2018 . the $ 13.2 million ( 19 % ) decrease in income tax expense was primarily attributable to the decrease in our effective tax rate from 33.5 % in 2017 to 25.3 % for 2018. overall , net income increased by $ 28.9 million ( 21 % ) from $ 139.1 million in 2017 to $ 168.0 million in 2018 . on january 1 , 2018 , we adopted asc 606 using the modified retrospective method for all revenue contracts not completed as of that date and recognized a cumulative effect adjustment to retained earnings . our prior period comparative information has not been adjusted and continues to be reported under accounting standards in effect for that period . the net impact of adopting asc 606 for the year ended december 31 , 2018 was a decrease to net income of $ 0.1 million . for additional information related to the adoption effects of this new revenue recognition standard , please refer to note 2 `` revenue recognition `` within the accompanying consolidated financial statements . we assess the organic growth of our revenue and gross profit on a same store basis . as such , for the following discussion , same store amounts consist of information from dealerships for identical months in each comparative period , commencing with the first month we owned the dealership . additionally , amounts related to divested dealerships are excluded from each comparative period . 45 new vehicle— replace_table_token_16_th 46 new vehicle metrics— replace_table_token_17_th new vehicle revenue increased by $ 227.6 million ( 6 % ) , primarily as a result of a 5 % increase in new vehicle units sold and a 1 % increase in revenue per new vehicle sold . same store new vehicle revenue increased by $ 123.7 million ( 3 % ) as a result of increases in new vehicle units and revenue per new vehicle sold . the 2 % increase in same store unit sale volume was driven by a 2 % increase in both luxury and import units . the 2 % increase in same store unit sales slightly exceeded 2018 u.s. new vehicle sales , which increased 1 % from 17.2 million in 2017 to 17.3 million in 2018 . same store new vehicle gross profit in 2018 decreased by $ 7.4 million ( 4 % ) , as a result of a 6 % decrease in gross profit per new vehicle sold , partially offset by a 2 % increase in unit volumes . the 30 basis point decrease in same store new vehicle gross margin from 4.7 % in 2017 to 4.4 % in 2018 , was primarily attributable to a higher mix of revenue in our import brands , which have traditionally had lower margins than our luxury and domestic brands . in addition , we attribute some of the decrease in gross profit to increased competition created by price transparency and comparability as a result of internet based research and car buying services . 47 used vehicle— replace_table_token_18_th used vehicle metrics— replace_table_token_19_th used vehicle revenue increased by $ 138.3 million ( 8 % ) , as a result of a 7 % increase in used vehicle retail units sold , and a 2 % increase in revenue per used vehicle retailed . in 2018 , same store used vehicle retail gross profit increased by $ 4.1 million ( 3 % ) . overall , our gross margin percent decreased from 7.4 % in 2017 to 7.2 % in 2018 . we primarily attribute the 20 basis point decrease in same store used vehicle retail gross margin to increased competition and price transparency within the used vehicle marketplace . we believe that our used vehicle inventory continues to be well-aligned with current consumer demand , with approximately 34 days of supply as of december 31 , 2018 . 48 parts and service— replace_table_token_20_th * reconditioning and preparation represents the gross profit earned by our parts and service departments for internal work performed and is included as a reduction of parts and service cost of sales within the accompanying consolidated statements of income upon the sale of the vehicle . the $ 34.9 million ( 4 % ) increase in parts and service revenue was primarily due to a $ 30.7 million ( 6 % ) increase in customer pay revenue and a $ 14.4 million ( 13 % ) increase in wholesale parts revenue , partially offset by a $ 10.2 million ( 7 % ) decrease in warranty revenue . same store parts and service revenue increased $ 18.5 million ( 2 % ) from $ 785.6 million in 2017 to $ 804.1 million in 2018 . the increase in same store parts and service revenue was due to a $ 20.2 million ( 4 % ) increase in customer pay revenue and a $ 11.1 million ( 10 % ) increase in wholesale parts revenue , partially offset by a $ 12.8 million ( 8 % ) decrease in warranty revenue . parts and service gross profit , excluding reconditioning and preparation , increased by $ 16.4 million ( 4 % ) to $ 391.6 million and same store gross profit , excluding reconditioning and preparation , increased by $ 9.1 million ( 2 % ) to $ 384.0 million . the $ 9.1 million increase in same store gross profit is primarily due to a $ 14.1 million ( 5 % ) increase in customer pay gross profit partially offset by a

net cash used in investing activities totaled $ 227.6 million , $ 149.6 million , and $ 127.8 million for the years ended december 31 , 2019 , 2018 , and 2017 , respectively . cash flows from investing activities relate primarily to capital expenditures , acquisitions , divestitures , and the sale of property and equipment . capital expenditures , excluding the purchase of real estate and acquisitions , were $ 57.6 million , $ 40.3 million , and $ 42.3 million for the years ended december 31 , 2019 , 2018 , and 2017 , respectively . purchases of real estate totaled $ 9.2 million , $ 17.6 million , and $ 5.8 million for the years ended december 31 , 2019 , 2018 , and 2017 , respectively . in addition , we purchased previously leased facilities for $ 4.9 million , $ 4.4 million , and $ 5.4 million during the years ended december 31 , 2019 , 2018 , and 2017 , respectively . we expect that capital expenditures during 2020 will total approximately $ 68.8 million to upgrade or replace our existing facilities , construct new facilities , expand our service capacity , and invest in technology and equipment . in addition , as part of our capital allocation strategy , we continually evaluate opportunities to purchase properties currently under lease and acquire properties in connection with future dealership relocations . no assurances can be provided that we will have or be able to access capital at times or on terms in amounts deemed necessary to execute this strategy . during the year ended december 31 , 2019 , we acquired the assets of nine franchises ( five dealership locations ) and one collision center in the indianapolis , indiana market and one franchise ( one dealership location ) in the denver , colorado market for a combined purchase price of $ 210.4 million . we funded these acquisitions with an aggregate of $ 153.9 million of cash and $ 55.3 million of floor plan borrowings for the purchase of the related new vehicle inventory .


 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 in investing activities totaled $ 227.6 million , $ 149.6 million , and $ 127.8 million for the years ended december 31 , 2019 , 2018 , and 2017 , respectively . cash flows from investing activities relate primarily to capital expenditures , acquisitions , divestitures , and the sale of property and equipment . capital expenditures , excluding the purchase of real estate and acquisitions , were $ 57.6 million , $ 40.3 million , and $ 42.3 million for the years ended december 31 , 2019 , 2018 , and 2017 , respectively . purchases of real estate totaled $ 9.2 million , $ 17.6 million , and $ 5.8 million for the years ended december 31 , 2019 , 2018 , and 2017 , respectively . in addition , we purchased previously leased facilities for $ 4.9 million , $ 4.4 million , and $ 5.4 million during the years ended december 31 , 2019 , 2018 , and 2017 , respectively . we expect that capital expenditures during 2020 will total approximately $ 68.8 million to upgrade or replace our existing facilities , construct new facilities , expand our service capacity , and invest in technology and equipment . in addition , as part of our capital allocation strategy , we continually evaluate opportunities to purchase properties currently under lease and acquire properties in connection with future dealership relocations . no assurances can be provided that we will have or be able to access capital at times or on terms in amounts deemed necessary to execute this strategy . during the year ended december 31 , 2019 , we acquired the assets of nine franchises ( five dealership locations ) and one collision center in the indianapolis , indiana market and one franchise ( one dealership location ) in the denver , colorado market for a combined purchase price of $ 210.4 million . we funded these acquisitions with an aggregate of $ 153.9 million of cash and $ 55.3 million of floor plan borrowings for the purchase of the related new vehicle inventory .
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 Suspicious Activity Report : selling , general , and administrative ( `` sg & a `` ) expenses consist primarily of fixed and incentive-based compensation , advertising , rent , insurance , utilities , and other customary operating expenses . a significant portion of our cost structure is variable ( such as sales commissions ) , or controllable ( such as advertising ) , which we believe allows us to adapt to changes in the retail environment over the long-term . we evaluate commissions paid to salespeople as a percentage of retail vehicle gross profit , advertising expense on a per vehicle retailed ( `` pvr `` ) basis , and all other sg & a expenses in the aggregate as a percentage of total gross profit . we had total available liquidity of $ 472.9 million as of december 31 , 2019 , which consisted of cash and cash equivalents of $ 3.5 million , $ 132.1 million of funds in our floor plan offset accounts , $ 190.0 million of availability under our new vehicle floor plan facility that is able to be convert to our revolving credit facility , $ 47.3 million of availability under our revolving credit facility , and $ 100.0 million of availability under our used vehicle revolving floor plan facility . for further discussion of our liquidity , please refer to `` liquidity and capital resources `` below . 32 critical accounting policies and significant estimates preparation of financial statements in conformity with accounting principles generally accepted in the united states of america , requires management to make estimates and assumptions , that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities , as of the date of the financial statements , and reported amounts of revenues and expenses during the periods presented . on an ongoing basis , management evaluates their estimates and assumptions and the effects of any such revisions are reflected in the financial statements , in the period in which they are determined to be necessary . actual outcomes could differ materially from those estimates in a manner that could have a material effect on our consolidated financial statements . set forth below are the policies and estimates that we have identified as critical to our business operations and understanding our results of operations , based on the high degree of judgment or complexity in their application . goodwill and manufacturer franchise rights— goodwill represents the excess cost of an acquired business over the fair market value of its identifiable assets and liabilities . we have determined that , based on how we integrate acquisitions into our business , how the components of our business share resources and interact with one another , and how we review the results of our operations , that we have several geographic market-based operating segments . we have determined that the dealerships in each of our operating segments are components that are aggregated into several geographic market-based reporting units for the purpose of testing goodwill for impairment , as they ( i ) have similar economic characteristics , ( ii ) offer similar products and services ( all of our franchised dealerships offer new and used vehicles , parts and service , and arrange for third-party vehicle financing and the sale of insurance products ) , ( iii ) have similar customers , ( iv ) have similar distribution and marketing practices ( all of our dealerships distribute products and services through dealership facilities that market to customers in similar ways ) and ( v ) operate under similar regulatory environments . our only significant identifiable intangible assets , other than goodwill , are our rights under franchise agreements with manufacturers , which are recorded at an individual franchise level . the fair value of our manufacturer franchise rights are determined at the acquisition date , by discounting the projected cash flows specific to each franchise . we have determined that manufacturer franchise rights have an indefinite life as there are no economic , contractual or other factors that limit their useful lives , and they are expected to generate cash flows indefinitely due to the historically long lives of the manufacturers ' brand names . furthermore , to the extent that any agreements evidencing our manufacturer franchise rights would expire , we expect that we would be able to renew those agreements in the ordinary course of business . we performed quantitative impairment tests as of october 1 , 2019 , and identified six dealerships with franchise rights carrying values that exceeded their fair values , and as a result , recorded non-cash impairment charges of $ 7.1 million . we do not amortize goodwill and other intangible assets that are deemed to have indefinite lives . we review goodwill and manufacturer franchise rights for impairment annually as of october 1 st , or more often if events or circumstances indicate that any impairment may have occurred . we are subject to financial statement risk to the extent that goodwill becomes impaired due to decreases in the fair value of our automotive retail business or manufacturer franchise rights become impaired due to decreases in the fair value of our individual franchises . f & i chargeback reserves we receive commissions from third-party lending and insurance institutions for arranging customer financing and from the sale of vehicle service contracts , guaranteed asset protection ( known as `` gap `` ) debt cancellation , and other insurance to customers ( collectively `` f & i `` ) . f & i commissions are recorded at the time the associated vehicle is sold . we may be charged back for f & i commissions in the event a contract is prepaid , defaulted upon , or terminated ( `` chargebacks `` ) . f & i commissions , net of estimated future chargebacks , are included in finance and insurance , net in the accompanying consolidated statements of income . story_separator_special_tag total other expenses , net increased by $ 7.5 million in 2018 , primarily due to a $ 9.8 million increase in floor plan interest expense in 2018 , partially offset by a $ 1.5 million decrease in swap interest expense and a $ 0.8 million decrease in other interest expense , net . as a result , income before income taxes increased by $ 15.7 million ( 8 % ) to $ 224.8 million in 2018 . the $ 13.2 million ( 19 % ) decrease in income tax expense was primarily attributable to the decrease in our effective tax rate from 33.5 % in 2017 to 25.3 % for 2018. overall , net income increased by $ 28.9 million ( 21 % ) from $ 139.1 million in 2017 to $ 168.0 million in 2018 . on january 1 , 2018 , we adopted asc 606 using the modified retrospective method for all revenue contracts not completed as of that date and recognized a cumulative effect adjustment to retained earnings . our prior period comparative information has not been adjusted and continues to be reported under accounting standards in effect for that period . the net impact of adopting asc 606 for the year ended december 31 , 2018 was a decrease to net income of $ 0.1 million . for additional information related to the adoption effects of this new revenue recognition standard , please refer to note 2 `` revenue recognition `` within the accompanying consolidated financial statements . we assess the organic growth of our revenue and gross profit on a same store basis . as such , for the following discussion , same store amounts consist of information from dealerships for identical months in each comparative period , commencing with the first month we owned the dealership . additionally , amounts related to divested dealerships are excluded from each comparative period . 45 new vehicle— replace_table_token_16_th 46 new vehicle metrics— replace_table_token_17_th new vehicle revenue increased by $ 227.6 million ( 6 % ) , primarily as a result of a 5 % increase in new vehicle units sold and a 1 % increase in revenue per new vehicle sold . same store new vehicle revenue increased by $ 123.7 million ( 3 % ) as a result of increases in new vehicle units and revenue per new vehicle sold . the 2 % increase in same store unit sale volume was driven by a 2 % increase in both luxury and import units . the 2 % increase in same store unit sales slightly exceeded 2018 u.s. new vehicle sales , which increased 1 % from 17.2 million in 2017 to 17.3 million in 2018 . same store new vehicle gross profit in 2018 decreased by $ 7.4 million ( 4 % ) , as a result of a 6 % decrease in gross profit per new vehicle sold , partially offset by a 2 % increase in unit volumes . the 30 basis point decrease in same store new vehicle gross margin from 4.7 % in 2017 to 4.4 % in 2018 , was primarily attributable to a higher mix of revenue in our import brands , which have traditionally had lower margins than our luxury and domestic brands . in addition , we attribute some of the decrease in gross profit to increased competition created by price transparency and comparability as a result of internet based research and car buying services . 47 used vehicle— replace_table_token_18_th used vehicle metrics— replace_table_token_19_th used vehicle revenue increased by $ 138.3 million ( 8 % ) , as a result of a 7 % increase in used vehicle retail units sold , and a 2 % increase in revenue per used vehicle retailed . in 2018 , same store used vehicle retail gross profit increased by $ 4.1 million ( 3 % ) . overall , our gross margin percent decreased from 7.4 % in 2017 to 7.2 % in 2018 . we primarily attribute the 20 basis point decrease in same store used vehicle retail gross margin to increased competition and price transparency within the used vehicle marketplace . we believe that our used vehicle inventory continues to be well-aligned with current consumer demand , with approximately 34 days of supply as of december 31 , 2018 . 48 parts and service— replace_table_token_20_th * reconditioning and preparation represents the gross profit earned by our parts and service departments for internal work performed and is included as a reduction of parts and service cost of sales within the accompanying consolidated statements of income upon the sale of the vehicle . the $ 34.9 million ( 4 % ) increase in parts and service revenue was primarily due to a $ 30.7 million ( 6 % ) increase in customer pay revenue and a $ 14.4 million ( 13 % ) increase in wholesale parts revenue , partially offset by a $ 10.2 million ( 7 % ) decrease in warranty revenue . same store parts and service revenue increased $ 18.5 million ( 2 % ) from $ 785.6 million in 2017 to $ 804.1 million in 2018 . the increase in same store parts and service revenue was due to a $ 20.2 million ( 4 % ) increase in customer pay revenue and a $ 11.1 million ( 10 % ) increase in wholesale parts revenue , partially offset by a $ 12.8 million ( 8 % ) decrease in warranty revenue . parts and service gross profit , excluding reconditioning and preparation , increased by $ 16.4 million ( 4 % ) to $ 391.6 million and same store gross profit , excluding reconditioning and preparation , increased by $ 9.1 million ( 2 % ) to $ 384.0 million . the $ 9.1 million increase in same store gross profit is primarily due to a $ 14.1 million ( 5 % ) increase in customer pay gross profit partially offset by a

