we can give no assurances that any of the events anticipated by the forward-looking statements will occur or , if any of them do , what impact they will have on our results of operations and financial condition . you should carefully read the factors described elsewhere in this document under `` risk factors `` in part i , item 1a in this annual report on form 10-k for a description of certain risks that could , among other things , cause our actual results to differ from these forward-looking statements . all forward-looking statements speak only as of the date of this annual report on form 10-k , even if subsequently made available by us on our website or otherwise , and are expressly qualified in their entirety by the cautionary statements included in this annual report on form 10-k. we disclaim any obligation to update or revise forward-looking statements that may be made to reflect new information or future events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events , other than as required by law . the following discussion should be read in conjunction with our consolidated financial statements and accompanying notes thereto included elsewhere herein . in this annual report on form 10-k , all references to `` we , `` `` our , `` and `` us `` refer collectively to cdk and its consolidated subsidiaries . 27 ( tabular amounts in millions , except per share amounts ) executive overview cdk global enables end-to-end automotive commerce across the globe . for over 40 years , we have served automotive retailers and original equipment manufacturers ( `` oems `` ) by providing innovative solutions that allow them to better connect , manage , analyze , and grow their businesses . our solutions automate and integrate all parts of the buying process , including the , acquisition , sale , financing , insuring , parts supply , repair , and maintenance of vehicles , in more than 100 countries around the world , for approximately 30,000 retail locations and most oems . we generate revenue primarily by providing a broad suite of subscription-based software and technology solutions for automotive retailers through our cdk north america and cdk international segments . we are focused on the use of software-as-a-service ( `` saas `` ) and mobile-centric solutions that are highly functional , flexible and fast . our flagship dealer management system ( `` dms `` ) software solutions are hosted enterprise resource planning applications tailored to the unique requirements of the retail automotive industry . our dms products facilitate the sale of new and used vehicles , consumer financing , repair and maintenance services , and vehicle and parts inventory management . additionally , these solutions enable company-wide accounting , financial reporting , cash flow management , and payroll services . our dmss are typically integrated with oem data processing systems that enable automotive retailers to order vehicles and parts , receive vehicle records , process warranties , and check recall campaigns and service bulletins while helping them to fulfill their franchisee responsibilities to their oem franchisors . the company is organized into two main operating groups , cdk north america ( `` cdkna `` ) and cdk international ( `` cdki `` ) , which are also reportable segments . a brief description of each of these two segments ' operations is provided below . we previously reported the results of advertising north america ( `` ana `` ) as a reportable segment . during the fourth quarter of fiscal year 2019 , we committed to a plan to divest : ( a ) all of the assets of ana ; and ( b ) certain assets of cdkna related to mobile advertising solutions and website services ( collectively , the “ digital marketing business ” ) . the digital marketing business is presented as discontinued operations . additional information on discontinued operations is contained in item 8 of part ii , `` financial statements and supplementary data , note 4 - discontinued operation . `` cdk north america through our cdkna segment , we provide technology-based solutions , including our dms products , a broad portfolio of layered software applications and services , a robust and secure interface to the dms through our partner program , data management and business intelligence solutions , a variety of professional services , and a full range of customer support solutions . these solutions help automotive retailers , oems , consumers and other industry participants manage the acquisition , sale , financing , insuring , parts supply , and repair and maintenance of vehicles . our solutions help our customers streamline their operations , better target and serve their customers , and enhance the financial performance of their retail operations . in addition to providing solutions to automotive retailers and oems , we also provide solutions to retailers and manufacturers of heavy trucks , construction equipment , agricultural equipment , motorcycles , boats , and other marine and recreational vehicles . cdk international through our cdki segment , we provide automotive retailers with core dms solutions and we offer automotive retailers and oems a variety of professional services , custom programming , consulting , implementation and training solutions , as well as a full range of customer support solutions in approximately 100 countries outside of the united states ( `` u.s. `` ) and canada . the solutions that we provide within this segment allow our customers to streamline their business operations and enhance their financial performance within their local marketplace , and in some cases where we deal directly with oems , across international borders . customers of this segment include automotive retail dealers and oems across europe , the middle east , asia , africa , and latin america . story_separator_special_tag fiscal 2019 modifications : effective july 1 , 2018 , we modified our presentation of adjusted earnings before income taxes , adjusted provision for income taxes , adjusted net earnings attributable to cdk , and adjusted diluted net earnings attributable to cdk per share to include adjustments for amortization of acquired intangible assets . although we exclude amortization of acquired intangible assets from our non-gaap measure , we believe that it is important for the users of the financial statements to understand that the associated intangible assets contribute to revenue generation . effective october 1 , 2018 , we modified our presentation of adjusted earnings before income taxes , adjusted provision for income taxes , adjusted net earnings attributable to cdk , adjusted diluted earnings attributable to cdk per share , and adjusted ebitda to include adjustments for impairment of intangible assets . during the fourth quarter of fiscal 2019 , we modified our presentation of : i. adjusted earnings before income taxes , adjusted provision for income taxes , adjusted net earnings attributable to cdk , adjusted diluted net earnings attributable to cdk per share , and adjusted ebitda to include adjustments for loss from equity method investment ; ii . adjusted provision for income taxes , adjusted net earnings attributable to cdk , adjusted diluted net earningsattributable to cdk per share to include adjustments for a decrease in valuation allowance ; and 32 iii . adjusted net earnings attributable to cdk , adjusted diluted net earnings attributable to cdk per share , and adjusted ebitda to include adjustments for loss ( earnings ) from discontinued operations , net of taxes . results of operations we review results on a constant currency basis to understand underlying business trends . to present these results on a constant currency basis , current period results for entities reporting in currencies other than the u.s. dollar were translated into u.s. dollars using the average monthly exchange rate for the comparable prior period . as a result , constant currency results neutralize the effects of foreign currency . fiscal 2019 compared to fiscal 2018 the following is a discussion of the results of our consolidated results of operations for fiscal 2019 and 2018 , respectively . for a discussion of our operations by segment , see `` analysis of reportable segments `` below . the table below presents consolidated statements of operations for the periods indicated and the dollar change and percentage change between periods . replace_table_token_3_th revenues . revenues for fiscal 2019 increased by $ 116.8 million as compared to fiscal 2018 . the cdkna segment contributed $ 151.3 million , partially offset by declines in the cdki segment of $ 34.5 million . the impact of foreign exchange rates on revenues was a decrease of $ 18.5 million . the foreign exchange rate impact was primarily due to the strength of the euro , canadian dollar , british pound , and south african rand against the u.s. dollar . cost of revenues . cost of revenues for fiscal 2019 increased by $ 45.3 million as compared to fiscal 2018 which includes a $ 24.7 million decrease for costs to fulfill that were deferred and costs related to revenue that was recognized prior to july 1 , 2018 upon adoption of asc 606. the constant currency impact of foreign exchange rates on cost of revenues was a decrease of $ 8.6 million . cost of revenues increased due to the elead acquisition , a $ 12.0 million impairment charge related to write-off of certain intangible assets within the cdkna segment , higher costs relating to investments in strategic growth initiatives , higher transaction and integration-related costs and incentive compensation ; and a $ 2.6 million impairment charge related to write-off of certain long-lived assets associated with exiting a facility within the other segment . these increases were partially offset by operating efficiencies obtained from the business transformation plan , and lower other business transformation expenses . cost of revenues include expenses to research , develop , and deploy new and enhanced solutions for 33 our customers of $ 79.5 million and $ 115.0 million for fiscal 2019 and 2018 , respectively , representing 4.2 % and 6.4 % of revenues , respectively . selling , general and administrative expenses . selling , general and administrative expenses for fiscal 2019 increased $ 3.5 million as compared to fiscal 2018 . asc 606 did not have a significant impact on selling , general and administrative expenses in fiscal 2019. the constant currency impact of foreign exchange rates on selling , general and administrative expenses was a decrease of $ 4.1 million . selling , general and administrative expenses increased due to the elead acquisition , higher legal and other expenses related to regulatory and competition matters , higher officer transitions related expense , and a $ 2.9 million impairment charge related to write-off of certain intangible assets within the cdkna segment . these increases were partially offset by operating efficiencies obtained from the business transformation plan , costs to implement the new revenue recognition standard in the prior year , lower transaction and integration related expenses and other business transformation expenses , and a net benefit to true-up contingent consideration liabilities related to prior acquisitions . restructuring expenses . restructuring expenses related to the business transformation plan for fiscal 2019 increased $ 7.4 million as compared to fiscal 2018 and relate to the business transformation plan we initiated in fiscal 2015. litigation provision . during fiscal 2019 , the company recorded a $ 90.0 million litigation provision related to antitrust lawsuits . additional information on litigation provision is contained in item 8 of part ii , `` financial statements and supplementary data - note 16 - commitments and contingencies . `` interest expense . interest expense for fiscal 2019 increased $ 43.2 million as compared to fiscal 2018 largely due to higher average debt levels and interest rate in fiscal 2019 compared to fiscal 2018.

cash flows our cash flows from operating , investing , and financing activities , as reflected in the consolidated statements of cash flows for fiscal 2019 , 2018 , and 2017 , are summarized as follows : replace_table_token_25_th fiscal 2019 compared to fiscal 2018 net cash flows provided by operating activities from continuing operations were $ 438.5 million for fiscal 2019 as compared to $ 373.9 million in fiscal 2018 . this $ 64.6 million increase was primarily due to a $ 90.0 million litigation provision , partially offset by timing of cash payments made to tax authorities . net cash flows provided by operating activities from discontinued operations were $ 44.6 million for fiscal 2019 as compared to $ 92.5 million in fiscal 2018. this $ 47.9 million decrease was due to lower earnings and decrease in cash used for working capital associated with the digital marketing business . net cash flows used in investing activities for continuing operations were $ 614.5 million for fiscal 2019 as compared to $ 86.9 million in fiscal 2018 . this $ 527.6 million increase in cash used in investing activities was primarily due to the acquisition of elead in fiscal 2019 . 52 net cash flows used in investing activities for discontinued operations were $ 8.7 million for fiscal 2019 as compared to $ 26.6 million in fiscal 2018 . this $ 17.9 million decrease in cash used in investing activities was primarily due to the acquisition of progressus media llc , in fiscal 2018. net cash flows used in financing activities for continuing operations were $ 349.0 million for fiscal 2019 as compared to $ 271.2 million in fiscal 2018 . this $ 77.8 million increase in cash used in financing activities was mainly due to increased borrowings , net of repayments , primarily to fund the elead acquisition ; partially offset by higher cash outflows associated with repurchases of common stock in fiscal 2018 .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows our cash flows from operating , investing , and financing activities , as reflected in the consolidated statements of cash flows for fiscal 2019 , 2018 , and 2017 , are summarized as follows : replace_table_token_25_th fiscal 2019 compared to fiscal 2018 net cash flows provided by operating activities from continuing operations were $ 438.5 million for fiscal 2019 as compared to $ 373.9 million in fiscal 2018 . this $ 64.6 million increase was primarily due to a $ 90.0 million litigation provision , partially offset by timing of cash payments made to tax authorities . net cash flows provided by operating activities from discontinued operations were $ 44.6 million for fiscal 2019 as compared to $ 92.5 million in fiscal 2018. this $ 47.9 million decrease was due to lower earnings and decrease in cash used for working capital associated with the digital marketing business . net cash flows used in investing activities for continuing operations were $ 614.5 million for fiscal 2019 as compared to $ 86.9 million in fiscal 2018 . this $ 527.6 million increase in cash used in investing activities was primarily due to the acquisition of elead in fiscal 2019 . 52 net cash flows used in investing activities for discontinued operations were $ 8.7 million for fiscal 2019 as compared to $ 26.6 million in fiscal 2018 . this $ 17.9 million decrease in cash used in investing activities was primarily due to the acquisition of progressus media llc , in fiscal 2018. net cash flows used in financing activities for continuing operations were $ 349.0 million for fiscal 2019 as compared to $ 271.2 million in fiscal 2018 . this $ 77.8 million increase in cash used in financing activities was mainly due to increased borrowings , net of repayments , primarily to fund the elead acquisition ; partially offset by higher cash outflows associated with repurchases of common stock in fiscal 2018 .
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 Suspicious Activity Report : we can give no assurances that any of the events anticipated by the forward-looking statements will occur or , if any of them do , what impact they will have on our results of operations and financial condition . you should carefully read the factors described elsewhere in this document under `` risk factors `` in part i , item 1a in this annual report on form 10-k for a description of certain risks that could , among other things , cause our actual results to differ from these forward-looking statements . all forward-looking statements speak only as of the date of this annual report on form 10-k , even if subsequently made available by us on our website or otherwise , and are expressly qualified in their entirety by the cautionary statements included in this annual report on form 10-k. we disclaim any obligation to update or revise forward-looking statements that may be made to reflect new information or future events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events , other than as required by law . the following discussion should be read in conjunction with our consolidated financial statements and accompanying notes thereto included elsewhere herein . in this annual report on form 10-k , all references to `` we , `` `` our , `` and `` us `` refer collectively to cdk and its consolidated subsidiaries . 27 ( tabular amounts in millions , except per share amounts ) executive overview cdk global enables end-to-end automotive commerce across the globe . for over 40 years , we have served automotive retailers and original equipment manufacturers ( `` oems `` ) by providing innovative solutions that allow them to better connect , manage , analyze , and grow their businesses . our solutions automate and integrate all parts of the buying process , including the , acquisition , sale , financing , insuring , parts supply , repair , and maintenance of vehicles , in more than 100 countries around the world , for approximately 30,000 retail locations and most oems . we generate revenue primarily by providing a broad suite of subscription-based software and technology solutions for automotive retailers through our cdk north america and cdk international segments . we are focused on the use of software-as-a-service ( `` saas `` ) and mobile-centric solutions that are highly functional , flexible and fast . our flagship dealer management system ( `` dms `` ) software solutions are hosted enterprise resource planning applications tailored to the unique requirements of the retail automotive industry . our dms products facilitate the sale of new and used vehicles , consumer financing , repair and maintenance services , and vehicle and parts inventory management . additionally , these solutions enable company-wide accounting , financial reporting , cash flow management , and payroll services . our dmss are typically integrated with oem data processing systems that enable automotive retailers to order vehicles and parts , receive vehicle records , process warranties , and check recall campaigns and service bulletins while helping them to fulfill their franchisee responsibilities to their oem franchisors . the company is organized into two main operating groups , cdk north america ( `` cdkna `` ) and cdk international ( `` cdki `` ) , which are also reportable segments . a brief description of each of these two segments ' operations is provided below . we previously reported the results of advertising north america ( `` ana `` ) as a reportable segment . during the fourth quarter of fiscal year 2019 , we committed to a plan to divest : ( a ) all of the assets of ana ; and ( b ) certain assets of cdkna related to mobile advertising solutions and website services ( collectively , the “ digital marketing business ” ) . the digital marketing business is presented as discontinued operations . additional information on discontinued operations is contained in item 8 of part ii , `` financial statements and supplementary data , note 4 - discontinued operation . `` cdk north america through our cdkna segment , we provide technology-based solutions , including our dms products , a broad portfolio of layered software applications and services , a robust and secure interface to the dms through our partner program , data management and business intelligence solutions , a variety of professional services , and a full range of customer support solutions . these solutions help automotive retailers , oems , consumers and other industry participants manage the acquisition , sale , financing , insuring , parts supply , and repair and maintenance of vehicles . our solutions help our customers streamline their operations , better target and serve their customers , and enhance the financial performance of their retail operations . in addition to providing solutions to automotive retailers and oems , we also provide solutions to retailers and manufacturers of heavy trucks , construction equipment , agricultural equipment , motorcycles , boats , and other marine and recreational vehicles . cdk international through our cdki segment , we provide automotive retailers with core dms solutions and we offer automotive retailers and oems a variety of professional services , custom programming , consulting , implementation and training solutions , as well as a full range of customer support solutions in approximately 100 countries outside of the united states ( `` u.s. `` ) and canada . the solutions that we provide within this segment allow our customers to streamline their business operations and enhance their financial performance within their local marketplace , and in some cases where we deal directly with oems , across international borders . customers of this segment include automotive retail dealers and oems across europe , the middle east , asia , africa , and latin america . story_separator_special_tag fiscal 2019 modifications : effective july 1 , 2018 , we modified our presentation of adjusted earnings before income taxes , adjusted provision for income taxes , adjusted net earnings attributable to cdk , and adjusted diluted net earnings attributable to cdk per share to include adjustments for amortization of acquired intangible assets . although we exclude amortization of acquired intangible assets from our non-gaap measure , we believe that it is important for the users of the financial statements to understand that the associated intangible assets contribute to revenue generation . effective october 1 , 2018 , we modified our presentation of adjusted earnings before income taxes , adjusted provision for income taxes , adjusted net earnings attributable to cdk , adjusted diluted earnings attributable to cdk per share , and adjusted ebitda to include adjustments for impairment of intangible assets . during the fourth quarter of fiscal 2019 , we modified our presentation of : i. adjusted earnings before income taxes , adjusted provision for income taxes , adjusted net earnings attributable to cdk , adjusted diluted net earnings attributable to cdk per share , and adjusted ebitda to include adjustments for loss from equity method investment ; ii . adjusted provision for income taxes , adjusted net earnings attributable to cdk , adjusted diluted net earningsattributable to cdk per share to include adjustments for a decrease in valuation allowance ; and 32 iii . adjusted net earnings attributable to cdk , adjusted diluted net earnings attributable to cdk per share , and adjusted ebitda to include adjustments for loss ( earnings ) from discontinued operations , net of taxes . results of operations we review results on a constant currency basis to understand underlying business trends . to present these results on a constant currency basis , current period results for entities reporting in currencies other than the u.s. dollar were translated into u.s. dollars using the average monthly exchange rate for the comparable prior period . as a result , constant currency results neutralize the effects of foreign currency . fiscal 2019 compared to fiscal 2018 the following is a discussion of the results of our consolidated results of operations for fiscal 2019 and 2018 , respectively . for a discussion of our operations by segment , see `` analysis of reportable segments `` below . the table below presents consolidated statements of operations for the periods indicated and the dollar change and percentage change between periods . replace_table_token_3_th revenues . revenues for fiscal 2019 increased by $ 116.8 million as compared to fiscal 2018 . the cdkna segment contributed $ 151.3 million , partially offset by declines in the cdki segment of $ 34.5 million . the impact of foreign exchange rates on revenues was a decrease of $ 18.5 million . the foreign exchange rate impact was primarily due to the strength of the euro , canadian dollar , british pound , and south african rand against the u.s. dollar . cost of revenues . cost of revenues for fiscal 2019 increased by $ 45.3 million as compared to fiscal 2018 which includes a $ 24.7 million decrease for costs to fulfill that were deferred and costs related to revenue that was recognized prior to july 1 , 2018 upon adoption of asc 606. the constant currency impact of foreign exchange rates on cost of revenues was a decrease of $ 8.6 million . cost of revenues increased due to the elead acquisition , a $ 12.0 million impairment charge related to write-off of certain intangible assets within the cdkna segment , higher costs relating to investments in strategic growth initiatives , higher transaction and integration-related costs and incentive compensation ; and a $ 2.6 million impairment charge related to write-off of certain long-lived assets associated with exiting a facility within the other segment . these increases were partially offset by operating efficiencies obtained from the business transformation plan , and lower other business transformation expenses . cost of revenues include expenses to research , develop , and deploy new and enhanced solutions for 33 our customers of $ 79.5 million and $ 115.0 million for fiscal 2019 and 2018 , respectively , representing 4.2 % and 6.4 % of revenues , respectively . selling , general and administrative expenses . selling , general and administrative expenses for fiscal 2019 increased $ 3.5 million as compared to fiscal 2018 . asc 606 did not have a significant impact on selling , general and administrative expenses in fiscal 2019. the constant currency impact of foreign exchange rates on selling , general and administrative expenses was a decrease of $ 4.1 million . selling , general and administrative expenses increased due to the elead acquisition , higher legal and other expenses related to regulatory and competition matters , higher officer transitions related expense , and a $ 2.9 million impairment charge related to write-off of certain intangible assets within the cdkna segment . these increases were partially offset by operating efficiencies obtained from the business transformation plan , costs to implement the new revenue recognition standard in the prior year , lower transaction and integration related expenses and other business transformation expenses , and a net benefit to true-up contingent consideration liabilities related to prior acquisitions . restructuring expenses . restructuring expenses related to the business transformation plan for fiscal 2019 increased $ 7.4 million as compared to fiscal 2018 and relate to the business transformation plan we initiated in fiscal 2015. litigation provision . during fiscal 2019 , the company recorded a $ 90.0 million litigation provision related to antitrust lawsuits . additional information on litigation provision is contained in item 8 of part ii , `` financial statements and supplementary data - note 16 - commitments and contingencies . `` interest expense . interest expense for fiscal 2019 increased $ 43.2 million as compared to fiscal 2018 largely due to higher average debt levels and interest rate in fiscal 2019 compared to fiscal 2018.

