many state and local governments , together with public health officials , have recommended and mandated precautions to mitigate the spread of covid-19 , including ordering closure of certain businesses and imposing stay-at-home orders and social distancing guidelines for individuals . such measures have resulted in significantly reduced demand for many businesses that have continued in operation . by march 31 , 2020 , substantially all of the fitness centers in our national network were temporarily closed , which had an adverse impact on our results from continuing operations for the first quarter of 2020 because a significant portion of revenues from our silversneakers program is based on member visits to a fitness partner location . a substantial number of our fitness partner locations remained closed through april , with some locations reopening in may and additional locations reopening in june and throughout the third quarter of 2020. due to a resurgence of covid-19 cases throughout the country , some fitness partner locations were closed again during the 24 fourth quarter of 2020. for the month of december 2020 , approximately 7 4 % of our fitness partner locations reported at least one visit from our silversneakers program . from april through december 2020 , the average monthly total participation levels of our silversneakers members were significantly below historical levels , and we also experienced a decline in paid subscribers for prime fitness , each of which adversely impacted revenues from continuing operations . we are unable to predict with certainty how many of our fitness partner locations will be subject to any operational restrictions in the future and for what duration , or the level of member participation at our fitness partner locations . forward-looking statements this report contains forward-looking statements , which are based upon current expectations , involve a number of risks and uncertainties , and are subject to the `` safe harbor `` provisions of the private securities litigation reform act of 1995. forward-looking statements include all statements that are not historical statements of fact and those regarding the intent , belief , or expectations of the company , including , without limitation , all statements regarding the company 's future earnings , revenues , and results of operations . readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties , and that actual results may vary from those in the forward-looking statements as a result of various factors , including , but not limited to : impacts from the covid-19 pandemic ( including the response of governmental authorities to combat and contain the pandemic , the closure of fitness centers in our national network ( or operational restrictions imposed on such fitness centers ) , reclosures , and potential additional reclosures as a result of surges in positive covid-19 cases ) on our business , operations or liquidity ; the risks associated with changes in macroeconomic conditions ( including the impacts of any recession or changes in consumer spending resulting from the covid-19 pandemic ) , widespread epidemics , pandemics ( such as the current covid-19 pandemic ) or other outbreaks of disease , geopolitical turmoil , and the continuing threat of domestic or international terrorism ; our ability to collect accounts receivable from our customers and amounts due under our sublease agreements ; the market 's acceptance of our new products and services ; our ability to develop and implement effective strategies and to anticipate and respond to strategic changes , opportunities , and emerging trends in our industry and or business , as well as to accurately forecast the related impact on our revenues and earnings ; the impact of any impairment of our goodwill , intangible assets , or other long-term assets ; our ability to attract , hire , or retain key personnel or other qualified employees and to control labor costs ; the effectiveness of the reorganization of our business ( including the 2020 covid restructuring plan and the 2020 healthcare restructuring plan , each as defined below ) and our ability to realize the anticipated benefits ; our ability to effectively compete against other entities , whose financial , research , staff , and marketing resources may exceed our resources ; the impact of legal proceedings involving us and or our subsidiaries , products , or services , including any claims related to intellectual property rights , as well as our ability to maintain insurance coverage with respect to such legal proceedings and claims on terms that would be favorable to us ; the impact of severe or adverse weather conditions , the current covid-19 pandemic , and the potential emergence of additional health pandemics or infectious disease outbreaks on member participation in our programs ; 25 the risks associated with deriving a significant concentration of our revenues from a limited number of our customers , many of whom are health plans ; our ability and or the ability of our customers to enroll participants and to accurately forecast their level of enrollment and participation in our programs in a manner and within the timeframe we anticipate ; our ability to sign , renew and or maintain contracts with our customers and or our fitness partner locations under existing terms or to restructure these contracts on terms that would not have a material negative impact on our results of operations ; the ability of our health plan customers to maintain the number of covered lives enrolled in those health plans during the terms of our agreements ; our ability to add and or retain paid subscribers in our prime fitness program ; the impact of a reduction in medicare advantage health plan reimbursement rates or changes in plan design ; the impact of any new or proposed legislation , regulations and interpretations relating to medicare , medicare advantage , medicare supplement and privacy and security laws ; the impact of healthcare reform on our business ; the risks associated story_separator_special_tag we believe free cash flow is useful to management and investors to measure ( i ) our performance , ( ii ) the strength of the company and its ability to generate cash , and ( iii ) the amount of cash that is available to repay debt or make other investments . a reconciliation of free cash flow to cash flows from operating activities ( the most comparable u.s. gaap measure ) is set forth below . the amounts shown below represent consolidated figures that include the effects of owning nutrisystem . replace_table_token_5_th outlook although there is significant uncertainty relating to the potential impacts of the covid-19 pandemic on our business going forward , including the duration of the outbreak , the timing and duration of any operational restrictions applicable to our fitness partner locations , the impact on member participation in our silversneakers programs , our ability to continue to attract paying subscribers for our prime fitness program , and the ultimate medium- and long-term impact of the pandemic on the global economy , we expect our results from continuing operations for the short term to continue to be adversely impacted by covid-19 . executive overview of results the key financial results for the year ended december 31 , 2020 are : revenues of $ 437.7 million for the year ended december 31 , 2020 compared to $ 633.1 million for the year ended december 31 , 2019 ; and pre-tax income from continuing operations of $ 74.4 million for the year ended december 31 , 2020 compared to $ 65.5 million for the year ended december 31 , 2019. pre-tax income from continuing operations for 2020 includes : 30 o $ 43.5 million of interest expense compared to $ 41.8 million for 2019 ; o $ 12.2 million of marketing expenses , compared to $ 17.7 million for 2019 ; o $ 6.6 million of ceo transition costs compared to $ 0 for 2019 ; o $ 5.7 million of transition , acquisition , and integration costs compared to $ 26.2 million for 2019 ; o $ 4.4 million of restructuring and related charges compared to $ 1.9 million for 2019 ; o $ 3.4 million of strategic project costs compared to $ 0 for 2019. loss from discontinued operations , net of income tax benefit , of $ 280.5 million for the year ended december 31 , 2020 compared to $ 332.0 million for the year ended december 31 , 2019. results of operations the following table sets forth the components of the consolidated statements of operations for the years ended december 31 , 2020 , 2019 , and 2018 expressed as a percentage of revenues from continuing operations . replace_table_token_6_th ( 1 ) figures may not add due to rounding . following is a discussion of the company 's results of operations and financial condition for 2020 compared to 2019 and for 2019 compared to 2018. revenues revenues from continuing operations were $ 437.7 million for 2020 compared to $ 633.1 million for 2019 , a decrease of $ 195.4 million , primarily as a result of a net decrease in silversneakers revenue of $ 179.2 million driven by a decrease in revenue-generating visits in 2020 due to the covid-19 pandemic , which resulted in the closure of substantially all of our fitness partner locations beginning in march 2020. while some of these locations reopened in may and additional locations reopened in june and throughout the remainder of 2020 , the average participation level of our members after such locations reopened was significantly lower than in the comparable periods in 2019. as a result , revenues from pmpm fees represented 54 % of silversneakers revenue for 2020 , compared to 33 % for 2019. in addition , revenue from prime fitness decreased by $ 25.9 million due to a decrease in paid subscribers for 2020 compared to 2019. these decreases were partially offset by an increase of $ 6.8 million from a program during the second quarter of 2020 with a large employer seeking to improve its employees ' well-being during the covid-19 pandemic . we do not expect revenue from this program to recur at this level . 31 revenues from continuing operations for 2019 increased to $ 633.1 million compared to $ 606.3 million for 2018 , primarily due to ( i ) an increase in prime fitness revenue of $ 19.6 million driven by an increase in average subscribers for 2019 compared to 2018 and ( ii ) a net increase in silversneakers revenue of $ 5.2 million , primarily due t o an increase in revenue-generating visits somewhat offset by a decrease in the number of eligible lives . cost of revenue cost of revenue from continuing operations ( excluding depreciation ) as a percentage of revenues decreased from 2019 ( 70.4 % ) to 2020 ( 57.2 % ) , primarily due to a higher mix of revenues from pmpm fees in 2020 , as noted above , coupled with a decrease in visit costs due to the temporary closure of fitness partner locations and a decline in average monthly total participation levels ( compared to 2019 ) after such locations reopened . cost of revenue from continuing operations ( excluding depreciation ) as a percentage of revenues increased from 2018 ( 69.0 % ) to 2019 ( 70.4 % ) , primarily due to ( i ) an increase in cost per visit due to certain contract renegotiations , as well as a higher number of average visits per member per month in 2019 compared to 2018 and ( ii ) acquisition and integration costs in 2019 related to the acquisition of nutrisystem . marketing expens e s marketing expenses from continuing operations as a percentage of revenues did not change materially from 2018 ( 2.4 % ) to 2019 ( 2.8 % ) to 2020 ( 2.8 % ) . selling , general and administrative expenses selling ,

liquidity and capital resources overview as of december 31 , 2020 , outstanding debt under the credit agreement was $ 466.7 million , which represented $ 496.3 million of principal on the term loans less deferred loan costs and original issue discount , and we had $ 100.4 million of cash and cash equivalents . as of december 31 , 2020 , we had working capital of $ 75.6 million . while the covid-19 pandemic has created significant uncertainty as to general economic and market conditions for the remainder of 2021 and beyond , as of the date of this report , we believe our cash on hand , expected cash flows from operations , and anticipated available credit under the credit agreement will be sufficient to fund our operations , principal and interest payments , and capital expenditures for the next 12 months . we can not assure you that we will be able to secure additional financing if needed and , if such funds are available , whether the terms or conditions will be favorable to us . with the uncertainty surrounding covid-19 , our ability to engage in financing transactions may be constrained by ( i ) volatile or tight economic , capital , credit and or financial market conditions , ( ii ) moderated investor and or lender interest or capacity , ( iii ) restrictions under our credit agreement , and or ( iv ) our liquidity , leverage and net worth , and we can provide no assurance as to successfully completing , the costs of , or the operational limitations arising from , any one or series of such transactions . as of december 31 , 2020 , availability under the revolving credit facility totaled $ 124.5 million as calculated under the most restrictive covenant . credit facility in connection with the consummation of the acquisition of nutrisystem , on march 8 , 2019 , we entered into the credit agreement .


 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 overview as of december 31 , 2020 , outstanding debt under the credit agreement was $ 466.7 million , which represented $ 496.3 million of principal on the term loans less deferred loan costs and original issue discount , and we had $ 100.4 million of cash and cash equivalents . as of december 31 , 2020 , we had working capital of $ 75.6 million . while the covid-19 pandemic has created significant uncertainty as to general economic and market conditions for the remainder of 2021 and beyond , as of the date of this report , we believe our cash on hand , expected cash flows from operations , and anticipated available credit under the credit agreement will be sufficient to fund our operations , principal and interest payments , and capital expenditures for the next 12 months . we can not assure you that we will be able to secure additional financing if needed and , if such funds are available , whether the terms or conditions will be favorable to us . with the uncertainty surrounding covid-19 , our ability to engage in financing transactions may be constrained by ( i ) volatile or tight economic , capital , credit and or financial market conditions , ( ii ) moderated investor and or lender interest or capacity , ( iii ) restrictions under our credit agreement , and or ( iv ) our liquidity , leverage and net worth , and we can provide no assurance as to successfully completing , the costs of , or the operational limitations arising from , any one or series of such transactions . as of december 31 , 2020 , availability under the revolving credit facility totaled $ 124.5 million as calculated under the most restrictive covenant . credit facility in connection with the consummation of the acquisition of nutrisystem , on march 8 , 2019 , we entered into the credit agreement .
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 Suspicious Activity Report : many state and local governments , together with public health officials , have recommended and mandated precautions to mitigate the spread of covid-19 , including ordering closure of certain businesses and imposing stay-at-home orders and social distancing guidelines for individuals . such measures have resulted in significantly reduced demand for many businesses that have continued in operation . by march 31 , 2020 , substantially all of the fitness centers in our national network were temporarily closed , which had an adverse impact on our results from continuing operations for the first quarter of 2020 because a significant portion of revenues from our silversneakers program is based on member visits to a fitness partner location . a substantial number of our fitness partner locations remained closed through april , with some locations reopening in may and additional locations reopening in june and throughout the third quarter of 2020. due to a resurgence of covid-19 cases throughout the country , some fitness partner locations were closed again during the 24 fourth quarter of 2020. for the month of december 2020 , approximately 7 4 % of our fitness partner locations reported at least one visit from our silversneakers program . from april through december 2020 , the average monthly total participation levels of our silversneakers members were significantly below historical levels , and we also experienced a decline in paid subscribers for prime fitness , each of which adversely impacted revenues from continuing operations . we are unable to predict with certainty how many of our fitness partner locations will be subject to any operational restrictions in the future and for what duration , or the level of member participation at our fitness partner locations . forward-looking statements this report contains forward-looking statements , which are based upon current expectations , involve a number of risks and uncertainties , and are subject to the `` safe harbor `` provisions of the private securities litigation reform act of 1995. forward-looking statements include all statements that are not historical statements of fact and those regarding the intent , belief , or expectations of the company , including , without limitation , all statements regarding the company 's future earnings , revenues , and results of operations . readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties , and that actual results may vary from those in the forward-looking statements as a result of various factors , including , but not limited to : impacts from the covid-19 pandemic ( including the response of governmental authorities to combat and contain the pandemic , the closure of fitness centers in our national network ( or operational restrictions imposed on such fitness centers ) , reclosures , and potential additional reclosures as a result of surges in positive covid-19 cases ) on our business , operations or liquidity ; the risks associated with changes in macroeconomic conditions ( including the impacts of any recession or changes in consumer spending resulting from the covid-19 pandemic ) , widespread epidemics , pandemics ( such as the current covid-19 pandemic ) or other outbreaks of disease , geopolitical turmoil , and the continuing threat of domestic or international terrorism ; our ability to collect accounts receivable from our customers and amounts due under our sublease agreements ; the market 's acceptance of our new products and services ; our ability to develop and implement effective strategies and to anticipate and respond to strategic changes , opportunities , and emerging trends in our industry and or business , as well as to accurately forecast the related impact on our revenues and earnings ; the impact of any impairment of our goodwill , intangible assets , or other long-term assets ; our ability to attract , hire , or retain key personnel or other qualified employees and to control labor costs ; the effectiveness of the reorganization of our business ( including the 2020 covid restructuring plan and the 2020 healthcare restructuring plan , each as defined below ) and our ability to realize the anticipated benefits ; our ability to effectively compete against other entities , whose financial , research , staff , and marketing resources may exceed our resources ; the impact of legal proceedings involving us and or our subsidiaries , products , or services , including any claims related to intellectual property rights , as well as our ability to maintain insurance coverage with respect to such legal proceedings and claims on terms that would be favorable to us ; the impact of severe or adverse weather conditions , the current covid-19 pandemic , and the potential emergence of additional health pandemics or infectious disease outbreaks on member participation in our programs ; 25 the risks associated with deriving a significant concentration of our revenues from a limited number of our customers , many of whom are health plans ; our ability and or the ability of our customers to enroll participants and to accurately forecast their level of enrollment and participation in our programs in a manner and within the timeframe we anticipate ; our ability to sign , renew and or maintain contracts with our customers and or our fitness partner locations under existing terms or to restructure these contracts on terms that would not have a material negative impact on our results of operations ; the ability of our health plan customers to maintain the number of covered lives enrolled in those health plans during the terms of our agreements ; our ability to add and or retain paid subscribers in our prime fitness program ; the impact of a reduction in medicare advantage health plan reimbursement rates or changes in plan design ; the impact of any new or proposed legislation , regulations and interpretations relating to medicare , medicare advantage , medicare supplement and privacy and security laws ; the impact of healthcare reform on our business ; the risks associated story_separator_special_tag we believe free cash flow is useful to management and investors to measure ( i ) our performance , ( ii ) the strength of the company and its ability to generate cash , and ( iii ) the amount of cash that is available to repay debt or make other investments . a reconciliation of free cash flow to cash flows from operating activities ( the most comparable u.s. gaap measure ) is set forth below . the amounts shown below represent consolidated figures that include the effects of owning nutrisystem . replace_table_token_5_th outlook although there is significant uncertainty relating to the potential impacts of the covid-19 pandemic on our business going forward , including the duration of the outbreak , the timing and duration of any operational restrictions applicable to our fitness partner locations , the impact on member participation in our silversneakers programs , our ability to continue to attract paying subscribers for our prime fitness program , and the ultimate medium- and long-term impact of the pandemic on the global economy , we expect our results from continuing operations for the short term to continue to be adversely impacted by covid-19 . executive overview of results the key financial results for the year ended december 31 , 2020 are : revenues of $ 437.7 million for the year ended december 31 , 2020 compared to $ 633.1 million for the year ended december 31 , 2019 ; and pre-tax income from continuing operations of $ 74.4 million for the year ended december 31 , 2020 compared to $ 65.5 million for the year ended december 31 , 2019. pre-tax income from continuing operations for 2020 includes : 30 o $ 43.5 million of interest expense compared to $ 41.8 million for 2019 ; o $ 12.2 million of marketing expenses , compared to $ 17.7 million for 2019 ; o $ 6.6 million of ceo transition costs compared to $ 0 for 2019 ; o $ 5.7 million of transition , acquisition , and integration costs compared to $ 26.2 million for 2019 ; o $ 4.4 million of restructuring and related charges compared to $ 1.9 million for 2019 ; o $ 3.4 million of strategic project costs compared to $ 0 for 2019. loss from discontinued operations , net of income tax benefit , of $ 280.5 million for the year ended december 31 , 2020 compared to $ 332.0 million for the year ended december 31 , 2019. results of operations the following table sets forth the components of the consolidated statements of operations for the years ended december 31 , 2020 , 2019 , and 2018 expressed as a percentage of revenues from continuing operations . replace_table_token_6_th ( 1 ) figures may not add due to rounding . following is a discussion of the company 's results of operations and financial condition for 2020 compared to 2019 and for 2019 compared to 2018. revenues revenues from continuing operations were $ 437.7 million for 2020 compared to $ 633.1 million for 2019 , a decrease of $ 195.4 million , primarily as a result of a net decrease in silversneakers revenue of $ 179.2 million driven by a decrease in revenue-generating visits in 2020 due to the covid-19 pandemic , which resulted in the closure of substantially all of our fitness partner locations beginning in march 2020. while some of these locations reopened in may and additional locations reopened in june and throughout the remainder of 2020 , the average participation level of our members after such locations reopened was significantly lower than in the comparable periods in 2019. as a result , revenues from pmpm fees represented 54 % of silversneakers revenue for 2020 , compared to 33 % for 2019. in addition , revenue from prime fitness decreased by $ 25.9 million due to a decrease in paid subscribers for 2020 compared to 2019. these decreases were partially offset by an increase of $ 6.8 million from a program during the second quarter of 2020 with a large employer seeking to improve its employees ' well-being during the covid-19 pandemic . we do not expect revenue from this program to recur at this level . 31 revenues from continuing operations for 2019 increased to $ 633.1 million compared to $ 606.3 million for 2018 , primarily due to ( i ) an increase in prime fitness revenue of $ 19.6 million driven by an increase in average subscribers for 2019 compared to 2018 and ( ii ) a net increase in silversneakers revenue of $ 5.2 million , primarily due t o an increase in revenue-generating visits somewhat offset by a decrease in the number of eligible lives . cost of revenue cost of revenue from continuing operations ( excluding depreciation ) as a percentage of revenues decreased from 2019 ( 70.4 % ) to 2020 ( 57.2 % ) , primarily due to a higher mix of revenues from pmpm fees in 2020 , as noted above , coupled with a decrease in visit costs due to the temporary closure of fitness partner locations and a decline in average monthly total participation levels ( compared to 2019 ) after such locations reopened . cost of revenue from continuing operations ( excluding depreciation ) as a percentage of revenues increased from 2018 ( 69.0 % ) to 2019 ( 70.4 % ) , primarily due to ( i ) an increase in cost per visit due to certain contract renegotiations , as well as a higher number of average visits per member per month in 2019 compared to 2018 and ( ii ) acquisition and integration costs in 2019 related to the acquisition of nutrisystem . marketing expens e s marketing expenses from continuing operations as a percentage of revenues did not change materially from 2018 ( 2.4 % ) to 2019 ( 2.8 % ) to 2020 ( 2.8 % ) . selling , general and administrative expenses selling ,

