these trends include clients increasingly expanding the focus of their brand strategies from national markets to pan-regional and global markets and integrating traditional and non-traditional marketing channels , as well as utilizing new communications technologies and emerging digital platforms . additionally , in an effort to gain greater efficiency and effectiveness from their total marketing expenditures , clients continue to require greater coordination of marketing activities . we believe these trends have benefited our business in the past and over the medium and long term will continue to provide a competitive advantage to us . in the near term , barring unforeseen events and excluding the impact of changes in foreign exchange rates , as a result of continued improvement in operating performance by many of our agencies and new business activities , we expect our 2017 revenue to increase modestly in excess of the weighted average nominal gdp growth in our major markets . we expect to continue to identify acquisition opportunities intended to build upon the core capabilities of our strategic business platforms , expand our operations in the high-growth and emerging markets and enhance our capabilities to leverage new technologies that are being used by marketers today . in addition , we continually evaluate our portfolio of businesses to identify non-strategic or under performing business for disposition . 9 given our size and breadth , we manage our business by monitoring several financial indicators . the key indicators that we focus on are revenue and operating expenses . we analyze revenue growth by reviewing the components and mix of the growth , including growth by principal regional market and marketing discipline , the impact from foreign currency fluctuations , growth from acquisitions and growth from our largest clients . operating expenses are comprised of : cost of services , selling , general and administrative , or sg & a , expenses and depreciation and amortization . in 2016 , revenue increased 1.9 % compared to 2015 . changes in foreign exchange rates reduced revenue 1.9 % , acquisitions , net of dispositions , increased revenue 0.3 % and organic growth increased revenue 3.5 % . across our principal regional markets , the changes in revenue were : north america increased 1.6 % , europe decreased 1.0 % , latin america increased 28.4 % and asia pacific increased 4.1 % . in north america , moderate growth in the united states and strong growth in canada was partially offset by the weakening of the canadian dollar against the u.s. dollar . in europe , growth in the u.k. , spain , russia and italy was offset by the weakening of the british pound and russian ruble against the u.s. dollar and negative performance in the netherlands . the increase in revenue in latin america was a result of our acquisition activity in brazil , which was partially offset by the weakening of most currencies in the region against the u.s. dollar , especially the brazilian real . in asia pacific , growth in the major economies in the region was also partially offset by the weakening of most currencies in the region against the u.s. dollar . the change in revenue in 2016 compared to 2015 , including the negative impact of currency changes , in our four fundamental disciplines was : advertising increased 4.7 % , crm decreased 3.6 % , public relations increased 3.4 % and specialty communications increased 3.9 % . we measure cost of services in two distinct categories : salary and service costs and occupancy and other costs . as a service business , salary and service costs make up the vast majority of our operating expenses and substantially all these costs comprise the essential components directly linked to the delivery of our services . salary and service costs include employee compensation and benefits , freelance labor and direct service costs , which include third-party supplier costs and client-related travel costs . occupancy and other costs consist of the indirect costs related to the delivery of our services , including office rent and other occupancy costs , equipment rent , technology costs , general office expenses and other expenses . sg & a expenses primarily consist of third-party marketing costs , professional fees and compensation and benefits and occupancy and other costs of our corporate and executive offices , which includes group-wide finance and accounting , treasury , legal and governance , human resource oversight and similar costs . operating expenses increased 1.5 % in 2016 compared to 2015 . salary and service costs , which tend to fluctuate with changes in revenue , increased $ 204.5 million , or 1.8 % , in 2016 compared to 2015 . occupancy and other costs , which are less directly linked to changes in revenue than salary and service costs , decreased $ 24.7 million , or 2.0 % , in 2016 compared to 2015 . operating margin in 2016 was 13.0 % , as compared to 12.7 % in 2015 . earnings before interest , taxes and amortization of intangible assets , or ebita , margin in 2016 was 13.8 % , as compared to 13.4 % in 2015 . net interest expense for 2016 increased $ 25.6 million to $ 167.1 million from $ 141.5 million in 2015 . interest expense increased $ 28.6 million to $ 209.7 million in 2016 , primarily resulting from the reduced benefit of the $ 1 billion fixed-to-floating interest rate swap on the 3.625 % senior notes due 2022 , or 2022 notes . in january 2016 , we settled the interest rate swap on the 2022 notes . by settling the swap , we were able to lock interest savings over the remaining term of the 2022 notes by reducing the effective rate to 2.7 % from 3.5 % . story_separator_special_tag some of our client arrangements include performance incentive provisions designed to link a portion of our revenue to our performance relative to quantitative and qualitative goals . we recognize performance incentives in revenue when the specific quantitative goals are achieved , or when our performance against qualitative goals is determined by the client . we may receive rebates or credits from certain vendors based on transactions entered into on behalf of clients . these rebates or credits are remitted to the clients or in certain international markets may be retained by us based on the terms of the client contract or local law . amounts passed on to clients are recorded as a liability and amounts retained by us are recorded as revenue when earned . in may 2014 , the fasb issued asu 2014-09 , revenue from contracts with customers ( “ asu 2014-09 ” ) , which will replace all existing revenue recognition guidance under u.s. gaap . on july 9 , 2015 , the fasb approved a one-year deferral of the effective date of asu 2014-09 to all annual and interim periods beginning after december 15 , 2017. asu 2014-09 provides for one of two methods of transition : retrospective application to each prior period presented or recognition of the cumulative effect of retrospective application of the new standard as of the beginning of the period of initial application . we plan to apply asu 2014-09 on january 1 , 2018. presently , we are not yet in a position to conclude on the transition method we will choose . based on our initial assessment , the impact of the application of the new standard will likely result in a change in the timing of our revenue recognition for performance incentives received from clients . performance incentives are currently recognized in revenue when specific quantitative goals are achieved , or when our performance against qualitative goals is determined by the client . under the new standard , we will be required to estimate the amount of the incentive that will be earned at the inception of the contract and recognize the incentive over the term of the contract . while performance incentives are not material to our revenue , this will result in an acceleration of revenue recognition for certain contract incentives compared to the current method . additionally , in certain of our businesses we record revenue as a principal and include certain third-party pass-through and out-of-pocket costs , which are billed to clients in connection with our services , in revenue . in march 2016 , the fasb issued further guidance on principal versus agent considerations . we are currently evaluating the impact of the principal versus agent guidance on our revenue and cost of services ; however , we do not expect the change , if any , to have a material effect on our results of operations . additional information about our revenue recognition policy appears in note 2 to the consolidated financial statements . share-based compensation the majority of our incentive based share awards represent restricted stock awards and performance restricted stock awards , or prsus . share-based compensation for these awards is determined and fixed on the grant date using the closing price of our common stock and we have assumed that substantially all the prsus will vest . share-based compensation expense of $ 93.4 million , $ 99.4 million and $ 93.5 million in 2016 , 2015 and 2014 , respectively , primarily resulted from restricted stock awards . information about our stock award plans can be found in note 9 to the consolidated financial statements . new accounting standards see note 20 for information on the adoption of new accounting standards and accounting standards not yet adopted . 14 results of operations - 2016 compared to 2015 ( in millions ) : replace_table_token_5_th ebita , which we define as earnings before interest , taxes and amortization of intangible assets , and ebita margin , which we define as ebita divided by revenue , are non-gaap financial measures . we use ebita and ebita margin as additional operating performance measures , which exclude the non-cash amortization expense of intangible assets , primarily consisting of intangible assets related to acquired businesses . the table above reconciles ebita and ebita margin to the u.s. gaap financial measures for the periods presented . we believe that ebita and ebita margin are useful measures for investors to evaluate the performance of our businesses . non-gaap financial measures should not be considered in isolation from or as a substitute for financial information presented in compliance with u.s. gaap . non-gaap financial measures reported by us may not be comparable to similarly titled amounts reported by other companies . revenue in 2016 , revenue increased $ 282.5 million to $ 15,416.9 million from $ 15,134.4 million in 2015 . changes in foreign exchange rates reduced revenue $ 283.8 million , acquisitions , net of dispositions , increased revenue $ 38.2 million and organic growth increased revenue $ 528.1 million . the components of revenue change in the united states ( “ domestic ” ) and the remainder of the world ( “ international ” ) were ( in millions ) : replace_table_token_6_th 15 the components and percentages are calculated as follows : the foreign exchange impact is calculated by translating the current period 's local currency revenue using the prior period average exchange rates to derive current period constant currency revenue ( in this case $ 15,700.7 million for the total column ) . the foreign exchange impact is the difference between the current period revenue in u.s. dollars and the current period constant currency revenue ( $ 15,416.9 million less $ 15,700.7 million for the total column ) . acquisitions , net of dispositions , is calculated by aggregating the prior period revenue of the acquired businesses , less the prior period revenue of any business that was disposed of in the current period .

cash flow from operations $ 1,931.2 less : increase in operating capital ( 323.0 ) principal cash sources 1,608.2 uses capital expenditures $ ( 165.5 ) dividends paid to common shareholders ( 505.4 ) dividends paid to shareholders of noncontrolling interests ( 87.2 ) acquisition payments , including payment of contingent purchase price obligations and acquisition of additional noncontrolling interests , net of cash acquired ( 499.3 ) repurchases of common stock , net of proceeds from stock plans and tax benefits ( 554.2 ) principal cash uses ( 1,811.6 ) principal cash uses in excess of principal cash sources ( 203.4 ) foreign exchange rate changes ( 75.5 ) financing activities and other 352.9 increase in operating capital 323.0 increase in cash and cash equivalents $ 397.0 principal cash sources and principal cash uses amounts are non-gaap liquidity measures . these amounts exclude changes in working capital and other investing and financing activities , including commercial paper issuances and redemptions used to fund working capital changes . this presentation reflects the metrics used by us to assess our sources and uses of cash and was derived from our consolidated statement of cash flows . we believe that this presentation is meaningful to understand the primary sources and uses of our cash flow and the effect on our cash and cash equivalents . non-gaap liquidity measures should not be considered in isolation from , or as a substitute for , financial information presented in compliance with u.s. gaap . non-gaap liquidity measures as reported by us may not be comparable to similarly titled amounts reported by other companies . additional information regarding our cash flows can be found in our consolidated financial statements . 23 cash management our regional treasury centers in north america , europe and asia manage our cash and liquidity . each day , operations with excess funds invest these funds with their regional treasury center . likewise , operations that require funds borrow from their regional treasury center . the treasury centers aggregate the net position which is either invested with or borrowed from third parties .


 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 flow from operations $ 1,931.2 less : increase in operating capital ( 323.0 ) principal cash sources 1,608.2 uses capital expenditures $ ( 165.5 ) dividends paid to common shareholders ( 505.4 ) dividends paid to shareholders of noncontrolling interests ( 87.2 ) acquisition payments , including payment of contingent purchase price obligations and acquisition of additional noncontrolling interests , net of cash acquired ( 499.3 ) repurchases of common stock , net of proceeds from stock plans and tax benefits ( 554.2 ) principal cash uses ( 1,811.6 ) principal cash uses in excess of principal cash sources ( 203.4 ) foreign exchange rate changes ( 75.5 ) financing activities and other 352.9 increase in operating capital 323.0 increase in cash and cash equivalents $ 397.0 principal cash sources and principal cash uses amounts are non-gaap liquidity measures . these amounts exclude changes in working capital and other investing and financing activities , including commercial paper issuances and redemptions used to fund working capital changes . this presentation reflects the metrics used by us to assess our sources and uses of cash and was derived from our consolidated statement of cash flows . we believe that this presentation is meaningful to understand the primary sources and uses of our cash flow and the effect on our cash and cash equivalents . non-gaap liquidity measures should not be considered in isolation from , or as a substitute for , financial information presented in compliance with u.s. gaap . non-gaap liquidity measures as reported by us may not be comparable to similarly titled amounts reported by other companies . additional information regarding our cash flows can be found in our consolidated financial statements . 23 cash management our regional treasury centers in north america , europe and asia manage our cash and liquidity . each day , operations with excess funds invest these funds with their regional treasury center . likewise , operations that require funds borrow from their regional treasury center . the treasury centers aggregate the net position which is either invested with or borrowed from third parties .
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 Suspicious Activity Report : these trends include clients increasingly expanding the focus of their brand strategies from national markets to pan-regional and global markets and integrating traditional and non-traditional marketing channels , as well as utilizing new communications technologies and emerging digital platforms . additionally , in an effort to gain greater efficiency and effectiveness from their total marketing expenditures , clients continue to require greater coordination of marketing activities . we believe these trends have benefited our business in the past and over the medium and long term will continue to provide a competitive advantage to us . in the near term , barring unforeseen events and excluding the impact of changes in foreign exchange rates , as a result of continued improvement in operating performance by many of our agencies and new business activities , we expect our 2017 revenue to increase modestly in excess of the weighted average nominal gdp growth in our major markets . we expect to continue to identify acquisition opportunities intended to build upon the core capabilities of our strategic business platforms , expand our operations in the high-growth and emerging markets and enhance our capabilities to leverage new technologies that are being used by marketers today . in addition , we continually evaluate our portfolio of businesses to identify non-strategic or under performing business for disposition . 9 given our size and breadth , we manage our business by monitoring several financial indicators . the key indicators that we focus on are revenue and operating expenses . we analyze revenue growth by reviewing the components and mix of the growth , including growth by principal regional market and marketing discipline , the impact from foreign currency fluctuations , growth from acquisitions and growth from our largest clients . operating expenses are comprised of : cost of services , selling , general and administrative , or sg & a , expenses and depreciation and amortization . in 2016 , revenue increased 1.9 % compared to 2015 . changes in foreign exchange rates reduced revenue 1.9 % , acquisitions , net of dispositions , increased revenue 0.3 % and organic growth increased revenue 3.5 % . across our principal regional markets , the changes in revenue were : north america increased 1.6 % , europe decreased 1.0 % , latin america increased 28.4 % and asia pacific increased 4.1 % . in north america , moderate growth in the united states and strong growth in canada was partially offset by the weakening of the canadian dollar against the u.s. dollar . in europe , growth in the u.k. , spain , russia and italy was offset by the weakening of the british pound and russian ruble against the u.s. dollar and negative performance in the netherlands . the increase in revenue in latin america was a result of our acquisition activity in brazil , which was partially offset by the weakening of most currencies in the region against the u.s. dollar , especially the brazilian real . in asia pacific , growth in the major economies in the region was also partially offset by the weakening of most currencies in the region against the u.s. dollar . the change in revenue in 2016 compared to 2015 , including the negative impact of currency changes , in our four fundamental disciplines was : advertising increased 4.7 % , crm decreased 3.6 % , public relations increased 3.4 % and specialty communications increased 3.9 % . we measure cost of services in two distinct categories : salary and service costs and occupancy and other costs . as a service business , salary and service costs make up the vast majority of our operating expenses and substantially all these costs comprise the essential components directly linked to the delivery of our services . salary and service costs include employee compensation and benefits , freelance labor and direct service costs , which include third-party supplier costs and client-related travel costs . occupancy and other costs consist of the indirect costs related to the delivery of our services , including office rent and other occupancy costs , equipment rent , technology costs , general office expenses and other expenses . sg & a expenses primarily consist of third-party marketing costs , professional fees and compensation and benefits and occupancy and other costs of our corporate and executive offices , which includes group-wide finance and accounting , treasury , legal and governance , human resource oversight and similar costs . operating expenses increased 1.5 % in 2016 compared to 2015 . salary and service costs , which tend to fluctuate with changes in revenue , increased $ 204.5 million , or 1.8 % , in 2016 compared to 2015 . occupancy and other costs , which are less directly linked to changes in revenue than salary and service costs , decreased $ 24.7 million , or 2.0 % , in 2016 compared to 2015 . operating margin in 2016 was 13.0 % , as compared to 12.7 % in 2015 . earnings before interest , taxes and amortization of intangible assets , or ebita , margin in 2016 was 13.8 % , as compared to 13.4 % in 2015 . net interest expense for 2016 increased $ 25.6 million to $ 167.1 million from $ 141.5 million in 2015 . interest expense increased $ 28.6 million to $ 209.7 million in 2016 , primarily resulting from the reduced benefit of the $ 1 billion fixed-to-floating interest rate swap on the 3.625 % senior notes due 2022 , or 2022 notes . in january 2016 , we settled the interest rate swap on the 2022 notes . by settling the swap , we were able to lock interest savings over the remaining term of the 2022 notes by reducing the effective rate to 2.7 % from 3.5 % . story_separator_special_tag some of our client arrangements include performance incentive provisions designed to link a portion of our revenue to our performance relative to quantitative and qualitative goals . we recognize performance incentives in revenue when the specific quantitative goals are achieved , or when our performance against qualitative goals is determined by the client . we may receive rebates or credits from certain vendors based on transactions entered into on behalf of clients . these rebates or credits are remitted to the clients or in certain international markets may be retained by us based on the terms of the client contract or local law . amounts passed on to clients are recorded as a liability and amounts retained by us are recorded as revenue when earned . in may 2014 , the fasb issued asu 2014-09 , revenue from contracts with customers ( “ asu 2014-09 ” ) , which will replace all existing revenue recognition guidance under u.s. gaap . on july 9 , 2015 , the fasb approved a one-year deferral of the effective date of asu 2014-09 to all annual and interim periods beginning after december 15 , 2017. asu 2014-09 provides for one of two methods of transition : retrospective application to each prior period presented or recognition of the cumulative effect of retrospective application of the new standard as of the beginning of the period of initial application . we plan to apply asu 2014-09 on january 1 , 2018. presently , we are not yet in a position to conclude on the transition method we will choose . based on our initial assessment , the impact of the application of the new standard will likely result in a change in the timing of our revenue recognition for performance incentives received from clients . performance incentives are currently recognized in revenue when specific quantitative goals are achieved , or when our performance against qualitative goals is determined by the client . under the new standard , we will be required to estimate the amount of the incentive that will be earned at the inception of the contract and recognize the incentive over the term of the contract . while performance incentives are not material to our revenue , this will result in an acceleration of revenue recognition for certain contract incentives compared to the current method . additionally , in certain of our businesses we record revenue as a principal and include certain third-party pass-through and out-of-pocket costs , which are billed to clients in connection with our services , in revenue . in march 2016 , the fasb issued further guidance on principal versus agent considerations . we are currently evaluating the impact of the principal versus agent guidance on our revenue and cost of services ; however , we do not expect the change , if any , to have a material effect on our results of operations . additional information about our revenue recognition policy appears in note 2 to the consolidated financial statements . share-based compensation the majority of our incentive based share awards represent restricted stock awards and performance restricted stock awards , or prsus . share-based compensation for these awards is determined and fixed on the grant date using the closing price of our common stock and we have assumed that substantially all the prsus will vest . share-based compensation expense of $ 93.4 million , $ 99.4 million and $ 93.5 million in 2016 , 2015 and 2014 , respectively , primarily resulted from restricted stock awards . information about our stock award plans can be found in note 9 to the consolidated financial statements . new accounting standards see note 20 for information on the adoption of new accounting standards and accounting standards not yet adopted . 14 results of operations - 2016 compared to 2015 ( in millions ) : replace_table_token_5_th ebita , which we define as earnings before interest , taxes and amortization of intangible assets , and ebita margin , which we define as ebita divided by revenue , are non-gaap financial measures . we use ebita and ebita margin as additional operating performance measures , which exclude the non-cash amortization expense of intangible assets , primarily consisting of intangible assets related to acquired businesses . the table above reconciles ebita and ebita margin to the u.s. gaap financial measures for the periods presented . we believe that ebita and ebita margin are useful measures for investors to evaluate the performance of our businesses . non-gaap financial measures should not be considered in isolation from or as a substitute for financial information presented in compliance with u.s. gaap . non-gaap financial measures reported by us may not be comparable to similarly titled amounts reported by other companies . revenue in 2016 , revenue increased $ 282.5 million to $ 15,416.9 million from $ 15,134.4 million in 2015 . changes in foreign exchange rates reduced revenue $ 283.8 million , acquisitions , net of dispositions , increased revenue $ 38.2 million and organic growth increased revenue $ 528.1 million . the components of revenue change in the united states ( “ domestic ” ) and the remainder of the world ( “ international ” ) were ( in millions ) : replace_table_token_6_th 15 the components and percentages are calculated as follows : the foreign exchange impact is calculated by translating the current period 's local currency revenue using the prior period average exchange rates to derive current period constant currency revenue ( in this case $ 15,700.7 million for the total column ) . the foreign exchange impact is the difference between the current period revenue in u.s. dollars and the current period constant currency revenue ( $ 15,416.9 million less $ 15,700.7 million for the total column ) . acquisitions , net of dispositions , is calculated by aggregating the prior period revenue of the acquired businesses , less the prior period revenue of any business that was disposed of in the current period .

