in 2014 , 2013 30 and 2012 , we recognized revenues from storm restoration services of approximately $ 13.3 million , $ 14.6 million and $ 41.3 million , respectively , which represented approximately 1.4 % , 1.6 % and 4.1 % of our annual consolidated revenues , respectively . measured by revenues in our t & d segment , we provided 53.1 % , 55.4 % and 42.0 % of our t & d services under fixed-price contracts during the years ended december 31 , 2014 , 2013 and 2012 , respectively . we also provide many services to our customers under multi-year maintenance service agreements and other variable service agreements . commercial and industrial segment . our c & i segment provides services such as the design , installation , maintenance and repair of commercial and industrial wiring , installation of traffic networks and the installation of bridge , roadway and tunnel lighting . in our c & i segment , we generally provide our electric construction and maintenance services as a subcontractor to general contractors in the c & i industry as well as to facility owners . our c & i operations are primarily in the western united states where we have sufficient scale to deploy the level of resources necessary to achieve significant market share . we concentrate our efforts on projects where our technical and project management expertise are critical to successful and timely execution . the majority of c & i contracts cover electrical contracting services for airports , hospitals , data centers , hotels , stadiums , convention centers , manufacturing plants , processing facilities , waste-water treatment facilities , mining facilities and transportation control and management systems . for the year ended december 31 , 2014 , our c & i revenues were $ 244.4 million or 25.9 % of our consolidated revenue , compared to $ 180.3 million or 20.0 % of our consolidated revenue for the year ended december 31 , 2013 and $ 170.2 million or 17.0 % of our consolidated revenue for the year ended december 31 , 2012. material and subcontractor cost in our c & i segment comprised approximately 48 % , 44 % , and 48 % , of c & i segment costs for the years ended december 31 , 2014 , 2013 and 2012 , respectively . measured by revenues in our c & i segment , we provided 41.7 % , 45.9 % and 49.9 % of our services under fixed-price contracts for the years ended december 31 , 2014 , 2013 and 2012 , respectively . overview  revenue and gross margins revenue recognition . we recognize revenue on a percentage-of-completion method of accounting , which is commonly used in the construction industry . the percentage-of-completion accounting method results in recognizing contract revenues and earnings ratably over the contract term in proportion to our incurrence of contract costs ( excluding uninstalled direct materials ) . the profits or losses recognized on individual contracts are based on estimates of contract revenues , costs and profitability . contract losses are recognized in full when determined , and contract profit estimates are adjusted based on ongoing reviews of contract profitability . changes in job performance , labor costs , equipment costs , job conditions , weather , estimated profitability and final contract settlements may result in revisions to costs and income and their effects are recognized in the period in which the revisions are determined . we record adjustments to estimated costs of contracts when we believe the change in estimate is probable and the amounts can be reasonably estimated . these adjustments could result in either increases or decreases in profit margins . the gross margins we record in the current period may not be indicative of margins in future periods . gross margins . our gross margin can vary between periods as a result of many factors , some of which are beyond our control . these factors include : the mix of revenue derived from the industries we serve , the mix of business conducted in different parts of the country , the mix in service and maintenance work compared to new construction work , the amount of work that we subcontract , the amount of material we supply , changes in labor , equipment or insurance costs , seasonal weather patterns , changes in fleet utilization , pricing pressures due to competition , efficiency of work performance , fluctuations in commodity prices of materials , delays in the timing of projects and other factors . overview  economic , industry and market factors we operate in competitive markets , which can result in pricing pressures for the services we provide . work is often awarded through a bidding and selection process , where price is always a principal factor . we generally focus on managing our profitability by : selecting projects that we believe will provide attractive 31 margins ; actively monitoring the costs of completing our projects ; holding customers accountable for costs related to changes to contract specifications ; and rewarding our employees for keeping costs under budget . the demand for construction and maintenance services from our customers has been , and will likely continue to be , cyclical in nature and vulnerable to downturns in the industries we serve as well as the economy in general . the financial condition of our customers and their access to capital , variations in the margins of projects performed during any particular period , and regional and national economic conditions may materially affect results . project schedules , particularly in connection with larger , multi-year projects , can also create fluctuations in our revenues . other market and industry factors , such as changes to our customers ' capital spending plans or delays in regulatory approvals can affect project schedules . story_separator_special_tag projects that include a greater amount of material cost can experience lower overall project gross margins as we typically add less mark up to material cost in our bids than what we would to our labor and equipment cost . insurance . gross margins could be impacted by fluctuations in insurance accruals related to our deductibles in the period in which such adjustments are made . we carry insurance policies , which were subject to certain deductibles , for workers ' compensation , general liability , automobile liability and other coverages . losses up to the deductible amounts are accrued based upon estimates of the ultimate liability for claims reported and an estimate of claims incurred but not yet reported . fleet utilization , estimation , and bidding . we operate a centrally-managed fleet in an effort to achieve the highest equipment utilization . we also develop internal equipment rates which provide our business units with appropriate cost information to estimate bids for new projects . availability of equipment for a particular contract is determined by our internal fleet ordering process which is designed to optimize the use of internal fleet assets and allocate equipment costs to individual contracts . we believe these processes allow us to utilize our equipment efficiently , which leads to improved gross margins . 35 our team of trained estimators helps us to determine potential costs and revenues and make informed decisions on whether to bid for a project and , if bid , the rates to use in estimating the costs for that bid . the ability to accurately estimate labor , equipment , subcontracting and material costs in connection with a new project may affect the gross margins achieved for the project . selling , general and administrative expenses selling , general and administrative expenses consist primarily of compensation and related benefits for management and administrative personnel , marketing , office rent and utilities , communications , professional fees , depreciation and bad debt expense . consolidated results of operations the following table sets forth selected statements of operations data and such data as a percentage of revenues for the years indicated : replace_table_token_10_th year ended december 31 , 2014 compared to the year ended december 31 , 2013 revenues . revenues increased $ 41.3 million , or 4.6 % , to $ 944.0 million for the year ended december 31 , 2014 from $ 902.7 million for the year ended december 31 , 2013 due to higher c & i revenues , partially offset by lower transmission revenues . material and subcontractor cost comprised approximately 33 % of total contract cost in the year ended december 31 , 2014 , compared to approximately 31 % in the year ended december 31 , 2013. gross profit . gross profit increased $ 7.5 million , or 6.0 % , to $ 132.4 million for the year ended december 31 , 2014 from $ 124.9 million for the year ended december 31 , 2013. gross margin increased to 14.0 % in the year ended december 31 , 2014 from 13.8 % in the year ended december 31 , 2013. gross margins in 2014 and 2013 included net benefits of approximately 1.9 % and 0.8 % , respectively , from improved contract margins on several transmission projects due to change orders , resolution of claims , cost efficiencies , additional work and effective contract management . the gross margin benefit in 2014 was partially offset by lower equipment utilization , particularly large specialty transmission equipment as several large transmission projects were nearing completion , and higher equipment repair and maintenance costs . selling , general and administrative expenses . selling , general and administrative expenses increased approximately $ 4.0 million , or 5.7 % , to $ 73.8 million for the year ended december 31 , 2014 from $ 69.8 million for the year ended december 31 , 2013 primarily due to an increase in employee compensation 36 and fringe benefits related to the increased number of personnel assigned to support operations and higher profit sharing and stock compensation costs . in the third quarter of 2013 , we recorded a $ 2.3 million legal reserve which represented estimated punitive damages , interest and cost of an appeal bond pertaining to an adverse judgment involving a traffic accident in florida . on february 27 , 2015 , a florida appeals court unanimously reversed this judgment , determined that punitive damages were not available and remanded the case for a new trial . as a result , the $ 2.3 million legal reserve was reversed in the fourth quarter of 2014. as a percentage of revenues , selling , general and administrative expenses increased to 7.8 % for the year ended december 31 , 2014 from 7.7 % for the year ended december 31 , 2013. gain on sale of property and equipment . gains from the sale of property and equipment decreased $ 0.8 million to $ 0.1 million for the year ended december 31 , 2014 from $ 0.9 million for the year ended december 31 , 2013. gains from the sale of property and equipment are the result of routine sales of property and equipment that are no longer useful or valuable to our ongoing operations . interest expense . interest expense was $ 0.7 million for both the years ended december 31 , 2014 and 2013. income tax expense . the provision for income taxes was $ 21.4 million for the year ended december 31 , 2014 , with an effective tax rate of 36.9 % , compared to a provision of $ 20.1 million for the year ended december 31 , 2013 , with an effective tax rate of 36.7 % . net income . net income in 2014 increased to $ 36.5 million for the year ended december 31 , 2014 from $ 34.8 million for the year ended december 31 , 2013 for the reasons stated above . segment results

liquidity and capital resources as of december 31 , 2014 , we had cash and cash equivalents of $ 77.6 million and working capital of $ 141.9 million . during the year ended december 31 , 2014 , consolidated operating activities of our business resulted in net cash flow from operations of $ 55.0 million compared to $ 95.1 million for the year ended december 31 , 2013. cash flow from operations is primarily influenced by demand for our services , operating margins and the type of services we provide our customers . we used net cash in investing activities of $ 38.7 million , including $ 39.0 million used for capital expenditures offset by approximately $ 0.3 million of proceeds from the sale of property and equipment . financing activities used cash of $ 15.1 million compared to $ 3.1 million of cash provided in 2013 primarily due to the use of $ 16.4 million of cash in 2014 to purchase shares of our common stock . the changes in various working capital accounts ( such as : accounts receivable , including retention ; costs and estimated earnings in excess of billings on uncompleted contracts ; accounts payable ; and billings in excess of costs and estimated earnings on uncompleted contracts ) are due to normal timing fluctuations in our operating activities . in particular , the gross amount of accounts receivable , costs and estimated earnings in excess of billings on uncompleted contracts , accounts payable and billings in excess of costs and estimated earnings on uncompleted contracts used cash of $ 20.5 million in 2014 , compared to providing cash of $ 30.1 million in 2013 , a year-over-year change of $ 50.6 million . billings in excess of costs and estimated earnings on uncompleted contracts , which used $ 14.8 million in cash in 2014 compared to providing $ 20.4 million in cash in 2013 , accounted for $ 35.2 million of the year-over-year change .


 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.
     ```liquidity and capital resources as of december 31 , 2014 , we had cash and cash equivalents of $ 77.6 million and working capital of $ 141.9 million . during the year ended december 31 , 2014 , consolidated operating activities of our business resulted in net cash flow from operations of $ 55.0 million compared to $ 95.1 million for the year ended december 31 , 2013. cash flow from operations is primarily influenced by demand for our services , operating margins and the type of services we provide our customers . we used net cash in investing activities of $ 38.7 million , including $ 39.0 million used for capital expenditures offset by approximately $ 0.3 million of proceeds from the sale of property and equipment . financing activities used cash of $ 15.1 million compared to $ 3.1 million of cash provided in 2013 primarily due to the use of $ 16.4 million of cash in 2014 to purchase shares of our common stock . the changes in various working capital accounts ( such as : accounts receivable , including retention ; costs and estimated earnings in excess of billings on uncompleted contracts ; accounts payable ; and billings in excess of costs and estimated earnings on uncompleted contracts ) are due to normal timing fluctuations in our operating activities . in particular , the gross amount of accounts receivable , costs and estimated earnings in excess of billings on uncompleted contracts , accounts payable and billings in excess of costs and estimated earnings on uncompleted contracts used cash of $ 20.5 million in 2014 , compared to providing cash of $ 30.1 million in 2013 , a year-over-year change of $ 50.6 million . billings in excess of costs and estimated earnings on uncompleted contracts , which used $ 14.8 million in cash in 2014 compared to providing $ 20.4 million in cash in 2013 , accounted for $ 35.2 million of the year-over-year change .
```    
 Suspicious Activity Report : in 2014 , 2013 30 and 2012 , we recognized revenues from storm restoration services of approximately $ 13.3 million , $ 14.6 million and $ 41.3 million , respectively , which represented approximately 1.4 % , 1.6 % and 4.1 % of our annual consolidated revenues , respectively . measured by revenues in our t & d segment , we provided 53.1 % , 55.4 % and 42.0 % of our t & d services under fixed-price contracts during the years ended december 31 , 2014 , 2013 and 2012 , respectively . we also provide many services to our customers under multi-year maintenance service agreements and other variable service agreements . commercial and industrial segment . our c & i segment provides services such as the design , installation , maintenance and repair of commercial and industrial wiring , installation of traffic networks and the installation of bridge , roadway and tunnel lighting . in our c & i segment , we generally provide our electric construction and maintenance services as a subcontractor to general contractors in the c & i industry as well as to facility owners . our c & i operations are primarily in the western united states where we have sufficient scale to deploy the level of resources necessary to achieve significant market share . we concentrate our efforts on projects where our technical and project management expertise are critical to successful and timely execution . the majority of c & i contracts cover electrical contracting services for airports , hospitals , data centers , hotels , stadiums , convention centers , manufacturing plants , processing facilities , waste-water treatment facilities , mining facilities and transportation control and management systems . for the year ended december 31 , 2014 , our c & i revenues were $ 244.4 million or 25.9 % of our consolidated revenue , compared to $ 180.3 million or 20.0 % of our consolidated revenue for the year ended december 31 , 2013 and $ 170.2 million or 17.0 % of our consolidated revenue for the year ended december 31 , 2012. material and subcontractor cost in our c & i segment comprised approximately 48 % , 44 % , and 48 % , of c & i segment costs for the years ended december 31 , 2014 , 2013 and 2012 , respectively . measured by revenues in our c & i segment , we provided 41.7 % , 45.9 % and 49.9 % of our services under fixed-price contracts for the years ended december 31 , 2014 , 2013 and 2012 , respectively . overview  revenue and gross margins revenue recognition . we recognize revenue on a percentage-of-completion method of accounting , which is commonly used in the construction industry . the percentage-of-completion accounting method results in recognizing contract revenues and earnings ratably over the contract term in proportion to our incurrence of contract costs ( excluding uninstalled direct materials ) . the profits or losses recognized on individual contracts are based on estimates of contract revenues , costs and profitability . contract losses are recognized in full when determined , and contract profit estimates are adjusted based on ongoing reviews of contract profitability . changes in job performance , labor costs , equipment costs , job conditions , weather , estimated profitability and final contract settlements may result in revisions to costs and income and their effects are recognized in the period in which the revisions are determined . we record adjustments to estimated costs of contracts when we believe the change in estimate is probable and the amounts can be reasonably estimated . these adjustments could result in either increases or decreases in profit margins . the gross margins we record in the current period may not be indicative of margins in future periods . gross margins . our gross margin can vary between periods as a result of many factors , some of which are beyond our control . these factors include : the mix of revenue derived from the industries we serve , the mix of business conducted in different parts of the country , the mix in service and maintenance work compared to new construction work , the amount of work that we subcontract , the amount of material we supply , changes in labor , equipment or insurance costs , seasonal weather patterns , changes in fleet utilization , pricing pressures due to competition , efficiency of work performance , fluctuations in commodity prices of materials , delays in the timing of projects and other factors . overview  economic , industry and market factors we operate in competitive markets , which can result in pricing pressures for the services we provide . work is often awarded through a bidding and selection process , where price is always a principal factor . we generally focus on managing our profitability by : selecting projects that we believe will provide attractive 31 margins ; actively monitoring the costs of completing our projects ; holding customers accountable for costs related to changes to contract specifications ; and rewarding our employees for keeping costs under budget . the demand for construction and maintenance services from our customers has been , and will likely continue to be , cyclical in nature and vulnerable to downturns in the industries we serve as well as the economy in general . the financial condition of our customers and their access to capital , variations in the margins of projects performed during any particular period , and regional and national economic conditions may materially affect results . project schedules , particularly in connection with larger , multi-year projects , can also create fluctuations in our revenues . other market and industry factors , such as changes to our customers ' capital spending plans or delays in regulatory approvals can affect project schedules . story_separator_special_tag projects that include a greater amount of material cost can experience lower overall project gross margins as we typically add less mark up to material cost in our bids than what we would to our labor and equipment cost . insurance . gross margins could be impacted by fluctuations in insurance accruals related to our deductibles in the period in which such adjustments are made . we carry insurance policies , which were subject to certain deductibles , for workers ' compensation , general liability , automobile liability and other coverages . losses up to the deductible amounts are accrued based upon estimates of the ultimate liability for claims reported and an estimate of claims incurred but not yet reported . fleet utilization , estimation , and bidding . we operate a centrally-managed fleet in an effort to achieve the highest equipment utilization . we also develop internal equipment rates which provide our business units with appropriate cost information to estimate bids for new projects . availability of equipment for a particular contract is determined by our internal fleet ordering process which is designed to optimize the use of internal fleet assets and allocate equipment costs to individual contracts . we believe these processes allow us to utilize our equipment efficiently , which leads to improved gross margins . 35 our team of trained estimators helps us to determine potential costs and revenues and make informed decisions on whether to bid for a project and , if bid , the rates to use in estimating the costs for that bid . the ability to accurately estimate labor , equipment , subcontracting and material costs in connection with a new project may affect the gross margins achieved for the project . selling , general and administrative expenses selling , general and administrative expenses consist primarily of compensation and related benefits for management and administrative personnel , marketing , office rent and utilities , communications , professional fees , depreciation and bad debt expense . consolidated results of operations the following table sets forth selected statements of operations data and such data as a percentage of revenues for the years indicated : replace_table_token_10_th year ended december 31 , 2014 compared to the year ended december 31 , 2013 revenues . revenues increased $ 41.3 million , or 4.6 % , to $ 944.0 million for the year ended december 31 , 2014 from $ 902.7 million for the year ended december 31 , 2013 due to higher c & i revenues , partially offset by lower transmission revenues . material and subcontractor cost comprised approximately 33 % of total contract cost in the year ended december 31 , 2014 , compared to approximately 31 % in the year ended december 31 , 2013. gross profit . gross profit increased $ 7.5 million , or 6.0 % , to $ 132.4 million for the year ended december 31 , 2014 from $ 124.9 million for the year ended december 31 , 2013. gross margin increased to 14.0 % in the year ended december 31 , 2014 from 13.8 % in the year ended december 31 , 2013. gross margins in 2014 and 2013 included net benefits of approximately 1.9 % and 0.8 % , respectively , from improved contract margins on several transmission projects due to change orders , resolution of claims , cost efficiencies , additional work and effective contract management . the gross margin benefit in 2014 was partially offset by lower equipment utilization , particularly large specialty transmission equipment as several large transmission projects were nearing completion , and higher equipment repair and maintenance costs . selling , general and administrative expenses . selling , general and administrative expenses increased approximately $ 4.0 million , or 5.7 % , to $ 73.8 million for the year ended december 31 , 2014 from $ 69.8 million for the year ended december 31 , 2013 primarily due to an increase in employee compensation 36 and fringe benefits related to the increased number of personnel assigned to support operations and higher profit sharing and stock compensation costs . in the third quarter of 2013 , we recorded a $ 2.3 million legal reserve which represented estimated punitive damages , interest and cost of an appeal bond pertaining to an adverse judgment involving a traffic accident in florida . on february 27 , 2015 , a florida appeals court unanimously reversed this judgment , determined that punitive damages were not available and remanded the case for a new trial . as a result , the $ 2.3 million legal reserve was reversed in the fourth quarter of 2014. as a percentage of revenues , selling , general and administrative expenses increased to 7.8 % for the year ended december 31 , 2014 from 7.7 % for the year ended december 31 , 2013. gain on sale of property and equipment . gains from the sale of property and equipment decreased $ 0.8 million to $ 0.1 million for the year ended december 31 , 2014 from $ 0.9 million for the year ended december 31 , 2013. gains from the sale of property and equipment are the result of routine sales of property and equipment that are no longer useful or valuable to our ongoing operations . interest expense . interest expense was $ 0.7 million for both the years ended december 31 , 2014 and 2013. income tax expense . the provision for income taxes was $ 21.4 million for the year ended december 31 , 2014 , with an effective tax rate of 36.9 % , compared to a provision of $ 20.1 million for the year ended december 31 , 2013 , with an effective tax rate of 36.7 % . net income . net income in 2014 increased to $ 36.5 million for the year ended december 31 , 2014 from $ 34.8 million for the year ended december 31 , 2013 for the reasons stated above . segment results

