we track recurring revenue , a characterization of net revenue and a statistical measure , which we define to include our revenues from asset-based fees , advisory fees , trailing commissions , cash sweep programs and certain other fees that are based upon accounts and advisors . because certain recurring revenues are associated with asset balances , they will fluctuate depending on the market values and current interest rates . these asset balances , specifically related to advisory and asset-based revenues , have a correlation of approximately 60 % to the fluctuations of the overall market , as measured by the s & p 500. accordingly , our recurring revenue can be negatively impacted by adverse external market conditions . however , recurring revenue is meaningful to us despite these fluctuations because it is not dependent upon transaction volumes or other activity-based revenues , which are more difficult to predict , particularly in declining or volatile markets . 39 the table below summarizes the sources of our revenue , the primary drivers of each revenue source and the percentage of each revenue source that represents recurring revenue , a characterization of revenue and a statistical measure : replace_table_token_9_th commission and advisory revenues . commission and advisory revenues both represent advisor-generated revenue , generally 85-90 % of which is paid to advisors . commission revenues . we generate two types of commission revenues : transaction-based sales commissions and trailing commissions . transaction-based sales commission revenues , which occur whenever clients trade securities or purchase various types of investment products , primarily represent gross commissions generated by our advisors , primarily from commissions earned on purchases by clients of various financial products such as mutual funds , variable and fixed annuities , alternative investments , equities , fixed income , insurance , group annuities , and options and commodities . the levels of transaction-based commissions can vary from period to period based on the overall economic environment , number of trading days in the reporting period and investment activity of our advisors ' clients . we earn trailing commission revenues ( a commission that is paid over time , such as 12 ( b ) -1 fees ) on mutual funds and variable annuities held by clients of our advisors . trailing commissions are recurring in nature and are earned based on the current market value of investment holdings in trail-eligible assets . advisory revenues . advisory revenues primarily represent fees charged on our corporate ria platform provided through lpl financial llc ( `` lpl financial `` ) to clients of our advisors based on the value of advisory assets . advisory fees are typically billed to clients quarterly , in advance , and are recognized as revenue ratably during the quarter . the value of the assets in the advisory account on the billing date determines the amount billed , and accordingly , the revenues earned in the following three month period . the majority of our accounts are billed using values as of the last business day of each calendar quarter . generally , the advisory revenues collected on our corporate ria platform range from 0.5 % to 3.0 % of the underlying assets . 40 in addition , we support independent rias who conduct their advisory business through separate entities by establishing their own ria ( `` independent rias `` ) pursuant to the investment advisers act of 1940 , rather than through lpl financial . the assets held under these investment advisory accounts custodied with lpl financial are included in our advisory and brokerage assets , net new advisory assets and advisory assets under custody metrics . the advisory revenue generated by an independent ria is earned by the independent ria , and accordingly is not included in our advisory revenue . however , we charge administrative fees to independent rias for clearing and custody of these assets , based on the value of assets within these advisory accounts . the administrative fees collected on our independent ria platform vary , and can reach a maximum of 0.6 % of the underlying assets . furthermore , we support certain financial advisors at broker-dealers affiliated with insurance companies through our customized advisory platforms and charge fees to these advisors based on the value of assets within these advisory accounts . asset-based revenues . asset-based revenues are comprised of fees from cash sweep programs , our sponsorship programs with financial product manufacturers and omnibus processing and networking services . pursuant to contractual arrangements , uninvested cash balances in our advisors ' client accounts are swept into either insured deposit accounts at various banks or third-party money market funds , for which we receive fees , including administrative and record-keeping fees based on account type and the invested balances . in addition , we receive fees from certain financial product manufacturers in connection with sponsorship programs that support our marketing and sales-force education and training efforts . our omnibus processing and networking revenues represent fees paid to us in exchange for administrative and record-keeping services that we provide to clients of our advisors . omnibus processing revenues are paid to us by mutual fund product sponsors and based upon the value of custodied assets in advisory accounts and the number of brokerage accounts in which the related mutual fund positions are held . networking revenues on brokerage assets are correlated to the number of positions we administer and are paid to us by mutual fund and annuity product manufacturers . transaction and fee revenues . revenues earned from transactions and fees primarily consist of transaction fees and ticket charges , subscription fees , individual retirement account ( `` ira `` ) custodian fees , contract and license fees , conference fees and other client account fees . we charge fees to our advisors and their clients for executing certain transactions in brokerage and fee-based advisory accounts . story_separator_special_tag results for the year ended december 31 , 2013 include a write-off of $ 8.0 million related to the may 2013 refinancing and amendment of our previous credit agreement . results for the year ended 46 december 31 , 2012 include a write off of $ 16.5 million related to the march 2012 refinancing and replacement of our original credit agreement . ( 6 ) represents equity issuance and offering costs incurred in the years ended december 31 , 2013 , 2012 and 2011 , related to the closing of a secondary offering in the second quarter of 2012 and the closing of a secondary offering in the second quarter of 2011. in addition , results for the year ended december 31 , 2012 , include a $ 3.9 million charge relating to the late deposit of withholding taxes related to the exercise of certain non-qualified stock options in connection with the company 's 2010 initial public offering ( `` ipo `` ) . see note 14 . commitments and contingencies , within the notes to consolidated financial statements . ( 7 ) results for the year ended december 31 , 2013 include costs related to the nestwise closure , consisting of : i ) the derecognition of $ 10.2 million of goodwill ; ii ) $ 8.4 million of fixed asset charges that were determined to have no future economic benefit ; iii ) severance and termination benefits ; and iv ) a $ 9.3 million decrease in the estimated fair value of contingent consideration as related milestones were not achieved . results for the year ended december 31 , 2013 also include $ 2.7 million of severance and termination benefits related to a change in management structure and a $ 2.3 million gain related to the sale of an equity investment . results for the year ended december 31 , 2012 include approximately $ 7.0 million for consulting services and technology development aimed at enhancing the company 's performance in support of its advisors while operating at a lower cost . in addition , results for the year ended december 31 , 2012 include an asset impairment charge of $ 4.0 million for certain fixed assets related to internally developed software that were determined to have no estimated fair value . results also include certain excise and other taxes in all years . adjusted earnings and adjusted earnings per share adjusted earnings represents net income before : ( a ) share-based compensation expense , ( b ) amortization of intangible assets and software resulting from our merger transaction in 2005 and our various acquisitions , a component of depreciation and amortization , ( c ) acquisition and integration related expenses , ( d ) restructuring and conversion costs , ( e ) debt extinguishment costs and ( f ) other . reconciling items are tax effected using the income tax rates in effect for the applicable period , adjusted for any potentially non-deductible amounts . adjusted earnings per share represents adjusted earnings divided by weighted-average outstanding shares on a fully diluted basis . we prepared adjusted earnings and adjusted earnings per share to eliminate the effects of items that we do not consider indicative of our core operating performance . we believe that adjusted earnings and adjusted earnings per share , viewed in addition to , and not in lieu of , our reported gaap results provide useful information to investors regarding our performance and overall results of operations for the following reasons : because non-cash equity grants made to employees , officers and non-employee directors at a certain price and point in time do not necessarily reflect how our business is performing , the related share-based compensation expense is not a key measure of our current operating performance ; because costs associated with acquisitions and related integrations , debt refinancing , and restructuring and conversions can vary from period to period and transaction to transaction , expenses associated with these activities are not considered a key measure of our operating performance ; and because amortization expenses can vary substantially from company to company and from period to period depending upon each company 's financing and accounting methods , the fair value and average expected life of acquired intangible assets and the method by which assets were acquired , the amortization of intangible assets obtained in acquisitions is not considered a key measure in comparing our operating performance . since 2010 , we have used adjusted earnings for internal management reporting and evaluation purposes . we also believe adjusted earnings and adjusted earnings per share are useful to investors in evaluating our operating performance because securities analysts use them as supplemental measures to evaluate the overall performance of companies , and our investor and analyst presentations , which are generally available to investors through our website , include references to adjusted earnings and adjusted earnings per share . 47 adjusted earnings and adjusted earnings per share are not measures of our financial performance under gaap and should not be considered as an alternative to net income or earnings per share or any other performance measure derived in accordance with gaap , or as an alternative to cash flows from operating activities as a measure of our profitability or liquidity . although adjusted earnings and adjusted earnings per share are frequently used by securities analysts and others in their evaluation of companies , they have limitations as analytical tools , and you should not consider adjusted earnings and adjusted earnings per share in isolation , or as substitutes for an analysis of our results as reported under gaap . in particular you should consider : adjusted earnings and adjusted earnings per share do not reflect our cash expenditures , or future requirements for capital expenditures or contractual commitments ; adjusted earnings and adjusted earnings per share do not reflect changes in , or cash requirements for , our working capital needs ; and other companies in our industry may

net cash provided by operating activities for 2013 , 2012 and 2011 was $ 160.1 million , $ 254.3 million and $ 442.4 million , respectively . the change between 2013 and 2012 primarily reflects the impact of client trading and settlement activity , which represented a net use of funds of $ 161.2 million in 2013 compared to a net source of funds of $ 51.6 million in 2012. the increased use of cash for client trading and settlement activities was offset in part by higher levels of net income of $ 181.9 million for 2013 compared to $ 151.9 million in 2012 , and depreciation and amortization of $ 83.5 million in 2013 compared to $ 71.8 million in 2012 , and a decrease in cash generated from excess tax benefits arising from share-based compensation of $ 7.2 million in 2013 compared to $ 53.3 million in 2012. cash flows from operating activities decreased in 2012 when compared to 2011 primarily due to a decrease of $ 155.4 million in income taxes receivable as the results for 2011 include the collection of $ 202.5 million of tax receivables that arose primarily from tax benefits related to our ipo in november 2010 . 59 net cash used in investing activities for 2013 , 2012 and 2011 , totaled $ 74.8 million , $ 91.7 million and $ 65.6 million , respectively . net cash used in 2013 decreased in comparison to 2012 due to the 2012 acquisitions of fortigent and veritat for $ 43.7 million , offset by an increase of capital expenditures of $ 78.2 million in 2013 compared to $ 54.8 million in 2012. net cash used in 2012 increased in comparison to 2011 due to an increase of $ 18.4 million in capital expenditures in addition to a reduction in restricted cash releases of $ 14.7 million . net cash used in 2012 primarily consists of $ 43.7 million for the acquisitions of fortigent and veritat and $ 54.8 million in capital expenditures partially offset by $ 7.6 million of restricted cash releases .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash provided by operating activities for 2013 , 2012 and 2011 was $ 160.1 million , $ 254.3 million and $ 442.4 million , respectively . the change between 2013 and 2012 primarily reflects the impact of client trading and settlement activity , which represented a net use of funds of $ 161.2 million in 2013 compared to a net source of funds of $ 51.6 million in 2012. the increased use of cash for client trading and settlement activities was offset in part by higher levels of net income of $ 181.9 million for 2013 compared to $ 151.9 million in 2012 , and depreciation and amortization of $ 83.5 million in 2013 compared to $ 71.8 million in 2012 , and a decrease in cash generated from excess tax benefits arising from share-based compensation of $ 7.2 million in 2013 compared to $ 53.3 million in 2012. cash flows from operating activities decreased in 2012 when compared to 2011 primarily due to a decrease of $ 155.4 million in income taxes receivable as the results for 2011 include the collection of $ 202.5 million of tax receivables that arose primarily from tax benefits related to our ipo in november 2010 . 59 net cash used in investing activities for 2013 , 2012 and 2011 , totaled $ 74.8 million , $ 91.7 million and $ 65.6 million , respectively . net cash used in 2013 decreased in comparison to 2012 due to the 2012 acquisitions of fortigent and veritat for $ 43.7 million , offset by an increase of capital expenditures of $ 78.2 million in 2013 compared to $ 54.8 million in 2012. net cash used in 2012 increased in comparison to 2011 due to an increase of $ 18.4 million in capital expenditures in addition to a reduction in restricted cash releases of $ 14.7 million . net cash used in 2012 primarily consists of $ 43.7 million for the acquisitions of fortigent and veritat and $ 54.8 million in capital expenditures partially offset by $ 7.6 million of restricted cash releases .
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 Suspicious Activity Report : we track recurring revenue , a characterization of net revenue and a statistical measure , which we define to include our revenues from asset-based fees , advisory fees , trailing commissions , cash sweep programs and certain other fees that are based upon accounts and advisors . because certain recurring revenues are associated with asset balances , they will fluctuate depending on the market values and current interest rates . these asset balances , specifically related to advisory and asset-based revenues , have a correlation of approximately 60 % to the fluctuations of the overall market , as measured by the s & p 500. accordingly , our recurring revenue can be negatively impacted by adverse external market conditions . however , recurring revenue is meaningful to us despite these fluctuations because it is not dependent upon transaction volumes or other activity-based revenues , which are more difficult to predict , particularly in declining or volatile markets . 39 the table below summarizes the sources of our revenue , the primary drivers of each revenue source and the percentage of each revenue source that represents recurring revenue , a characterization of revenue and a statistical measure : replace_table_token_9_th commission and advisory revenues . commission and advisory revenues both represent advisor-generated revenue , generally 85-90 % of which is paid to advisors . commission revenues . we generate two types of commission revenues : transaction-based sales commissions and trailing commissions . transaction-based sales commission revenues , which occur whenever clients trade securities or purchase various types of investment products , primarily represent gross commissions generated by our advisors , primarily from commissions earned on purchases by clients of various financial products such as mutual funds , variable and fixed annuities , alternative investments , equities , fixed income , insurance , group annuities , and options and commodities . the levels of transaction-based commissions can vary from period to period based on the overall economic environment , number of trading days in the reporting period and investment activity of our advisors ' clients . we earn trailing commission revenues ( a commission that is paid over time , such as 12 ( b ) -1 fees ) on mutual funds and variable annuities held by clients of our advisors . trailing commissions are recurring in nature and are earned based on the current market value of investment holdings in trail-eligible assets . advisory revenues . advisory revenues primarily represent fees charged on our corporate ria platform provided through lpl financial llc ( `` lpl financial `` ) to clients of our advisors based on the value of advisory assets . advisory fees are typically billed to clients quarterly , in advance , and are recognized as revenue ratably during the quarter . the value of the assets in the advisory account on the billing date determines the amount billed , and accordingly , the revenues earned in the following three month period . the majority of our accounts are billed using values as of the last business day of each calendar quarter . generally , the advisory revenues collected on our corporate ria platform range from 0.5 % to 3.0 % of the underlying assets . 40 in addition , we support independent rias who conduct their advisory business through separate entities by establishing their own ria ( `` independent rias `` ) pursuant to the investment advisers act of 1940 , rather than through lpl financial . the assets held under these investment advisory accounts custodied with lpl financial are included in our advisory and brokerage assets , net new advisory assets and advisory assets under custody metrics . the advisory revenue generated by an independent ria is earned by the independent ria , and accordingly is not included in our advisory revenue . however , we charge administrative fees to independent rias for clearing and custody of these assets , based on the value of assets within these advisory accounts . the administrative fees collected on our independent ria platform vary , and can reach a maximum of 0.6 % of the underlying assets . furthermore , we support certain financial advisors at broker-dealers affiliated with insurance companies through our customized advisory platforms and charge fees to these advisors based on the value of assets within these advisory accounts . asset-based revenues . asset-based revenues are comprised of fees from cash sweep programs , our sponsorship programs with financial product manufacturers and omnibus processing and networking services . pursuant to contractual arrangements , uninvested cash balances in our advisors ' client accounts are swept into either insured deposit accounts at various banks or third-party money market funds , for which we receive fees , including administrative and record-keeping fees based on account type and the invested balances . in addition , we receive fees from certain financial product manufacturers in connection with sponsorship programs that support our marketing and sales-force education and training efforts . our omnibus processing and networking revenues represent fees paid to us in exchange for administrative and record-keeping services that we provide to clients of our advisors . omnibus processing revenues are paid to us by mutual fund product sponsors and based upon the value of custodied assets in advisory accounts and the number of brokerage accounts in which the related mutual fund positions are held . networking revenues on brokerage assets are correlated to the number of positions we administer and are paid to us by mutual fund and annuity product manufacturers . transaction and fee revenues . revenues earned from transactions and fees primarily consist of transaction fees and ticket charges , subscription fees , individual retirement account ( `` ira `` ) custodian fees , contract and license fees , conference fees and other client account fees . we charge fees to our advisors and their clients for executing certain transactions in brokerage and fee-based advisory accounts . story_separator_special_tag results for the year ended december 31 , 2013 include a write-off of $ 8.0 million related to the may 2013 refinancing and amendment of our previous credit agreement . results for the year ended 46 december 31 , 2012 include a write off of $ 16.5 million related to the march 2012 refinancing and replacement of our original credit agreement . ( 6 ) represents equity issuance and offering costs incurred in the years ended december 31 , 2013 , 2012 and 2011 , related to the closing of a secondary offering in the second quarter of 2012 and the closing of a secondary offering in the second quarter of 2011. in addition , results for the year ended december 31 , 2012 , include a $ 3.9 million charge relating to the late deposit of withholding taxes related to the exercise of certain non-qualified stock options in connection with the company 's 2010 initial public offering ( `` ipo `` ) . see note 14 . commitments and contingencies , within the notes to consolidated financial statements . ( 7 ) results for the year ended december 31 , 2013 include costs related to the nestwise closure , consisting of : i ) the derecognition of $ 10.2 million of goodwill ; ii ) $ 8.4 million of fixed asset charges that were determined to have no future economic benefit ; iii ) severance and termination benefits ; and iv ) a $ 9.3 million decrease in the estimated fair value of contingent consideration as related milestones were not achieved . results for the year ended december 31 , 2013 also include $ 2.7 million of severance and termination benefits related to a change in management structure and a $ 2.3 million gain related to the sale of an equity investment . results for the year ended december 31 , 2012 include approximately $ 7.0 million for consulting services and technology development aimed at enhancing the company 's performance in support of its advisors while operating at a lower cost . in addition , results for the year ended december 31 , 2012 include an asset impairment charge of $ 4.0 million for certain fixed assets related to internally developed software that were determined to have no estimated fair value . results also include certain excise and other taxes in all years . adjusted earnings and adjusted earnings per share adjusted earnings represents net income before : ( a ) share-based compensation expense , ( b ) amortization of intangible assets and software resulting from our merger transaction in 2005 and our various acquisitions , a component of depreciation and amortization , ( c ) acquisition and integration related expenses , ( d ) restructuring and conversion costs , ( e ) debt extinguishment costs and ( f ) other . reconciling items are tax effected using the income tax rates in effect for the applicable period , adjusted for any potentially non-deductible amounts . adjusted earnings per share represents adjusted earnings divided by weighted-average outstanding shares on a fully diluted basis . we prepared adjusted earnings and adjusted earnings per share to eliminate the effects of items that we do not consider indicative of our core operating performance . we believe that adjusted earnings and adjusted earnings per share , viewed in addition to , and not in lieu of , our reported gaap results provide useful information to investors regarding our performance and overall results of operations for the following reasons : because non-cash equity grants made to employees , officers and non-employee directors at a certain price and point in time do not necessarily reflect how our business is performing , the related share-based compensation expense is not a key measure of our current operating performance ; because costs associated with acquisitions and related integrations , debt refinancing , and restructuring and conversions can vary from period to period and transaction to transaction , expenses associated with these activities are not considered a key measure of our operating performance ; and because amortization expenses can vary substantially from company to company and from period to period depending upon each company 's financing and accounting methods , the fair value and average expected life of acquired intangible assets and the method by which assets were acquired , the amortization of intangible assets obtained in acquisitions is not considered a key measure in comparing our operating performance . since 2010 , we have used adjusted earnings for internal management reporting and evaluation purposes . we also believe adjusted earnings and adjusted earnings per share are useful to investors in evaluating our operating performance because securities analysts use them as supplemental measures to evaluate the overall performance of companies , and our investor and analyst presentations , which are generally available to investors through our website , include references to adjusted earnings and adjusted earnings per share . 47 adjusted earnings and adjusted earnings per share are not measures of our financial performance under gaap and should not be considered as an alternative to net income or earnings per share or any other performance measure derived in accordance with gaap , or as an alternative to cash flows from operating activities as a measure of our profitability or liquidity . although adjusted earnings and adjusted earnings per share are frequently used by securities analysts and others in their evaluation of companies , they have limitations as analytical tools , and you should not consider adjusted earnings and adjusted earnings per share in isolation , or as substitutes for an analysis of our results as reported under gaap . in particular you should consider : adjusted earnings and adjusted earnings per share do not reflect our cash expenditures , or future requirements for capital expenditures or contractual commitments ; adjusted earnings and adjusted earnings per share do not reflect changes in , or cash requirements for , our working capital needs ; and other companies in our industry may

