the merger on february 22 , 2021 , the company entered into the merger agreement , pursuant to which , subject to the satisfaction or ( to the extent permissible ) waiver of the conditions set forth therein , goodyear will acquire the company by way of the merger of merger sub with and into the company , with the company surviving such merger as a wholly owned subsidiary of goodyear . under the terms of the merger agreement , at the effective time of the merger , the company 's stockholders will be entitled to receive $ 41.75 per share in cash and a fixed exchange ratio of 0.907 shares of goodyear common stock per share of the company 's common stock they own at the effective time . upon completion of the proposed merger , it is expected that the company 's stockholders will own approximately 16 percent and goodyear stockholders will own approximately 84 percent of the combined company on a fully diluted basis . -27- the completion of the merger is subject to the receipt of antitrust clearance in the united states . under the hart-scott-rodino antitrust improvements act of 1976 , as amended ( “ hsr act ” ) , and the rules promulgated thereunder , the merger may not be completed until the company and goodyear have each filed notification and report forms with the united states federal trade commission ( “ ftc ” ) , and the antitrust division of the united states department of justice ( “ doj ” ) , and the applicable waiting period ( or any extension thereof ) has expired or been terminated . the completion of the merger is also subject to a number of foreign regulatory filings that will need to be completed . the company expects to complete the merger in the second half of 2021 , subject to the satisfaction of customary closing conditions , including receipt of required regulatory approvals and the approval of the company 's stockholders . consolidated statements of income replace_table_token_4_th covid-19 update with the global outbreak of covid-19 and the declaration of a pandemic by the world health organization on march 11 , 2020 , the company temporarily shut down its china , u.s. , europe , and mexico manufacturing plants for various periods of time through the first half of 2020. by the end of the second quarter , each of the company 's facilities were reopened . the company 's priorities during the covid-19 pandemic have been protecting the health and safety of its employees , responsibilities to its broader communities , and commitments to its customers and other key stakeholders . the company has taken a variety of measures to protect the health and safety of employees , including prohibiting non-essential travel for all employees , modifying workspaces with acrylic dividers and touchless faucets , providing additional personal protective equipment and cleaning supplies , increasing cleaning protocols across all locations , transitioning to remote working arrangements for certain -28- employees , emphasizing the importance of staying home when employees feel sick , implementing protocols to address actual and suspected covid-19 cases and potential exposure , and enacting policies on face mask usage and appropriate social distancing at the company 's locations the fundamentals of the company remain strong , and the company believes it has sufficient liquidity on hand to continue business operations during this volatile period . as disclosed in the liquidity and capital resources section , the company has total available liquidity of $ 1,234 million as of december 31 , 2020 , consisting of cash on hand and credit facilities . as a reaction to covid-19 , the company took actions to preserve liquidity , including capital expenditure reductions , actions to improve working capital , reductions in discretionary spending and additional temporary cost actions . based upon the company 's results and the effectiveness of these actions , such actions were gradually reversed throughout the second half of 2020. covid-19 negatively impacted the company 's business in 2020 and also presented potential new risks to it . the company began to see the impacts of covid-19 on its asian operations early in the first quarter , and in customer demand in late march in the americas and europe , which continued into the second quarter of 2020. the situation surrounding covid-19 remains fluid and the potential for a continued material impact on the company increases the longer the virus impacts the level of economic activity in the united states and globally . in the future , the covid-19 pandemic may cause additional reduced demand for the company 's products , including if it results in a recessionary global economic environment . it could also lead to volatility in consumer demand for or access to company products , including due to government actions impacting the ability to produce and ship products or impacting consumers ' movements and access to the company 's products . the company believes that over the long term , there will continue to be strong demand for the company 's products . however , the timing and extent of demand recovery in specific markets , the resumption of travel , and product demand trends caused by future economic trends are unclear . accordingly , there may be heightened volatility in net sales and earnings during and subsequent to the duration of the covid-19 pandemic . the company 's customers are also being impacted by the pandemic . the success of customers in addressing the issues and maintaining their operations , including their ability to remit timely payment , could impact consumer access to , and as a result , sales of the company 's products . in addition , the covid-19 pandemic and the company 's and government responses to it have disrupted the company 's operations , and increased its costs , and may continue to do so . story_separator_special_tag moody 's investors service has assigned a ba3 corporate family rating and a b1 rating to senior unsecured debt with a stable outlook . new accounting standards for a discussion of recent accounting pronouncements and their impact on the company , see the “ significant accounting policies - accounting pronouncements ” in the notes to the consolidated financial statements . critical accounting policies “ management 's discussion and analysis of financial condition and results of operations ” discusses the company 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the u.s. when more than one accounting principle , or the method of its application , is generally accepted , the company selects the principle or method that is appropriate in its specific circumstances . the company 's accounting policies are more fully described in the “ significant accounting policies ” note to the consolidated financial statements . application of these accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , the disclosure of contingent assets and liabilities , and the reported amounts of revenues and expenses during the reporting period . management bases its estimates and judgments on historical experience and on other factors that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . the company believes that of its significant accounting policies , the following may involve a higher degree of judgment or estimation than other accounting policies . -34- product liability the company is a defendant in various product liability claims brought in numerous jurisdictions in which individuals seek damages resulting from motor vehicle accidents allegedly caused by defective tires manufactured by the company . each of the product liability claims faced by the company generally involves different types of tires and circumstances surrounding the accident such as different applications , vehicles , speeds , road conditions , weather conditions , driver error , tire repair and maintenance practices , service life conditions , as well as different jurisdictions and different injuries . in addition , in many of the company 's product liability lawsuits the plaintiff alleges that his or her harm was caused by one or more co-defendants who acted independently of the company . accordingly , both the claims asserted and the resolutions of those claims have an enormous amount of variability . the aggregate amount of damages asserted at any point in time is not determinable since often times when claims are filed , the plaintiffs do not specify the amount of damages . even when there is an amount alleged , at times the amount is wildly inflated and has no rational basis . the fact that the company is a defendant in product liability lawsuits is not surprising given the current litigation climate , which is largely confined to the united states . however , the fact that the company is subject to claims does not indicate that there is a quality issue with the company 's tires . the company sells approximately 30 to 35 million passenger car , light truck , sport utility vehicle , tbr and motorcycle tires per year in north america . the company estimates that approximately 300 million company-produced tires made up of thousands of different specifications are still on the road in north america . while tire disablements do occur , it is the company 's and the tire industry 's experience that the vast majority of tire failures relate to service-related conditions , which are entirely out of the company 's control , such as failure to maintain proper tire pressure , improper maintenance , improper repairs , road hazard , and excessive speed . the company accrues costs for asserted product liability claims at the time a loss is probable and the amount of loss can be estimated . the company believes the probability of loss can be established and the amount of loss can be estimated only after certain minimum information is available , including verification that company-produced product was involved in the incident giving rise to the claim , the condition of the product purported to be involved in the claim , the nature of the incident giving rise to the claim and the extent of the purported injury or damages . in cases where such information is known , each product liability claim is evaluated based on its specific facts and circumstances . a judgment is then made to determine the requirement for establishment or revision of an accrual for any potential liability . adjustments to estimated reserves are recorded in the period in which the change in estimate occurs . the liability often can not be determined with precision until the claim is resolved . pursuant to asc 450 `` contingencies , `` the company accrues the minimum liability for each known claim when the estimated outcome is a range of probable loss and no one amount within that range is more likely than another . for such known claims , the company accrues the minimum liability because the product liability claims faced by the company are unique and widely variable , and accordingly , the resolutions of those claims have an enormous amount of variability . the costs have ranged from zero dollars to $ 33 million in one case with no average that is meaningful . no specific accrual is made for individual unasserted claims or for premature claims , asserted claims where the minimum information needed to evaluate the probability of a liability is not yet known . however , an accrual is maintained for such claims based , in part , on management 's expectations for future litigation activity and the settled claims history maintained , including the

liquidity and capital resources sources and uses of cash in operating activities net cash provided by operating activities was $ 459 million in 2020 compared to $ 291 million of net cash provided by operating activities in 2019. the improvement in operating cash flows was partially driven by the company 's increased net income in 2020 of $ 144 million , as compared to net income of $ 98 million in 2019. changes in operating assets and liabilities in 2020 provided $ 127 million of net cash , as compared to the usage of $ 1 million in 2019. lower sales volume and decreased production activity in the first half of 2020 as a result of the covid-19 pandemic resulted in favorable movement in accounts and notes receivable -32- and inventory in 2020 , as compared to 2019. this favorable movement continued into the second half of 2020 as improved unit sales volume kept the company 's inventory on hand at lower levels than 2019. non-cash items contributed $ 188 million of favorable cash flow movement in 2020 , compared to $ 193 million contributed in 2019 , with the decrease in the company 's lifo reserve in 2020 as a result of the company 's declining inventory balance the primary change . sources and uses of cash in investing activities net cash used in investing activities reflects capital expenditures of $ 151 million and $ 203 million in 2020 and 2019 , respectively . the reduced capital expenditures in 2020 reflect reductions enacted by the company in response to covid-19 . additionally , investing activities in 2019 also includes the company 's $ 49 million investment in the sailun vietnam equity joint venture . sources and uses of cash in financing activities in 2020 , the company repaid $ 9 million of net short-term debt at its asian operations .


 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 sources and uses of cash in operating activities net cash provided by operating activities was $ 459 million in 2020 compared to $ 291 million of net cash provided by operating activities in 2019. the improvement in operating cash flows was partially driven by the company 's increased net income in 2020 of $ 144 million , as compared to net income of $ 98 million in 2019. changes in operating assets and liabilities in 2020 provided $ 127 million of net cash , as compared to the usage of $ 1 million in 2019. lower sales volume and decreased production activity in the first half of 2020 as a result of the covid-19 pandemic resulted in favorable movement in accounts and notes receivable -32- and inventory in 2020 , as compared to 2019. this favorable movement continued into the second half of 2020 as improved unit sales volume kept the company 's inventory on hand at lower levels than 2019. non-cash items contributed $ 188 million of favorable cash flow movement in 2020 , compared to $ 193 million contributed in 2019 , with the decrease in the company 's lifo reserve in 2020 as a result of the company 's declining inventory balance the primary change . sources and uses of cash in investing activities net cash used in investing activities reflects capital expenditures of $ 151 million and $ 203 million in 2020 and 2019 , respectively . the reduced capital expenditures in 2020 reflect reductions enacted by the company in response to covid-19 . additionally , investing activities in 2019 also includes the company 's $ 49 million investment in the sailun vietnam equity joint venture . sources and uses of cash in financing activities in 2020 , the company repaid $ 9 million of net short-term debt at its asian operations .
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 Suspicious Activity Report : the merger on february 22 , 2021 , the company entered into the merger agreement , pursuant to which , subject to the satisfaction or ( to the extent permissible ) waiver of the conditions set forth therein , goodyear will acquire the company by way of the merger of merger sub with and into the company , with the company surviving such merger as a wholly owned subsidiary of goodyear . under the terms of the merger agreement , at the effective time of the merger , the company 's stockholders will be entitled to receive $ 41.75 per share in cash and a fixed exchange ratio of 0.907 shares of goodyear common stock per share of the company 's common stock they own at the effective time . upon completion of the proposed merger , it is expected that the company 's stockholders will own approximately 16 percent and goodyear stockholders will own approximately 84 percent of the combined company on a fully diluted basis . -27- the completion of the merger is subject to the receipt of antitrust clearance in the united states . under the hart-scott-rodino antitrust improvements act of 1976 , as amended ( “ hsr act ” ) , and the rules promulgated thereunder , the merger may not be completed until the company and goodyear have each filed notification and report forms with the united states federal trade commission ( “ ftc ” ) , and the antitrust division of the united states department of justice ( “ doj ” ) , and the applicable waiting period ( or any extension thereof ) has expired or been terminated . the completion of the merger is also subject to a number of foreign regulatory filings that will need to be completed . the company expects to complete the merger in the second half of 2021 , subject to the satisfaction of customary closing conditions , including receipt of required regulatory approvals and the approval of the company 's stockholders . consolidated statements of income replace_table_token_4_th covid-19 update with the global outbreak of covid-19 and the declaration of a pandemic by the world health organization on march 11 , 2020 , the company temporarily shut down its china , u.s. , europe , and mexico manufacturing plants for various periods of time through the first half of 2020. by the end of the second quarter , each of the company 's facilities were reopened . the company 's priorities during the covid-19 pandemic have been protecting the health and safety of its employees , responsibilities to its broader communities , and commitments to its customers and other key stakeholders . the company has taken a variety of measures to protect the health and safety of employees , including prohibiting non-essential travel for all employees , modifying workspaces with acrylic dividers and touchless faucets , providing additional personal protective equipment and cleaning supplies , increasing cleaning protocols across all locations , transitioning to remote working arrangements for certain -28- employees , emphasizing the importance of staying home when employees feel sick , implementing protocols to address actual and suspected covid-19 cases and potential exposure , and enacting policies on face mask usage and appropriate social distancing at the company 's locations the fundamentals of the company remain strong , and the company believes it has sufficient liquidity on hand to continue business operations during this volatile period . as disclosed in the liquidity and capital resources section , the company has total available liquidity of $ 1,234 million as of december 31 , 2020 , consisting of cash on hand and credit facilities . as a reaction to covid-19 , the company took actions to preserve liquidity , including capital expenditure reductions , actions to improve working capital , reductions in discretionary spending and additional temporary cost actions . based upon the company 's results and the effectiveness of these actions , such actions were gradually reversed throughout the second half of 2020. covid-19 negatively impacted the company 's business in 2020 and also presented potential new risks to it . the company began to see the impacts of covid-19 on its asian operations early in the first quarter , and in customer demand in late march in the americas and europe , which continued into the second quarter of 2020. the situation surrounding covid-19 remains fluid and the potential for a continued material impact on the company increases the longer the virus impacts the level of economic activity in the united states and globally . in the future , the covid-19 pandemic may cause additional reduced demand for the company 's products , including if it results in a recessionary global economic environment . it could also lead to volatility in consumer demand for or access to company products , including due to government actions impacting the ability to produce and ship products or impacting consumers ' movements and access to the company 's products . the company believes that over the long term , there will continue to be strong demand for the company 's products . however , the timing and extent of demand recovery in specific markets , the resumption of travel , and product demand trends caused by future economic trends are unclear . accordingly , there may be heightened volatility in net sales and earnings during and subsequent to the duration of the covid-19 pandemic . the company 's customers are also being impacted by the pandemic . the success of customers in addressing the issues and maintaining their operations , including their ability to remit timely payment , could impact consumer access to , and as a result , sales of the company 's products . in addition , the covid-19 pandemic and the company 's and government responses to it have disrupted the company 's operations , and increased its costs , and may continue to do so . story_separator_special_tag moody 's investors service has assigned a ba3 corporate family rating and a b1 rating to senior unsecured debt with a stable outlook . new accounting standards for a discussion of recent accounting pronouncements and their impact on the company , see the “ significant accounting policies - accounting pronouncements ” in the notes to the consolidated financial statements . critical accounting policies “ management 's discussion and analysis of financial condition and results of operations ” discusses the company 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the u.s. when more than one accounting principle , or the method of its application , is generally accepted , the company selects the principle or method that is appropriate in its specific circumstances . the company 's accounting policies are more fully described in the “ significant accounting policies ” note to the consolidated financial statements . application of these accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , the disclosure of contingent assets and liabilities , and the reported amounts of revenues and expenses during the reporting period . management bases its estimates and judgments on historical experience and on other factors that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . the company believes that of its significant accounting policies , the following may involve a higher degree of judgment or estimation than other accounting policies . -34- product liability the company is a defendant in various product liability claims brought in numerous jurisdictions in which individuals seek damages resulting from motor vehicle accidents allegedly caused by defective tires manufactured by the company . each of the product liability claims faced by the company generally involves different types of tires and circumstances surrounding the accident such as different applications , vehicles , speeds , road conditions , weather conditions , driver error , tire repair and maintenance practices , service life conditions , as well as different jurisdictions and different injuries . in addition , in many of the company 's product liability lawsuits the plaintiff alleges that his or her harm was caused by one or more co-defendants who acted independently of the company . accordingly , both the claims asserted and the resolutions of those claims have an enormous amount of variability . the aggregate amount of damages asserted at any point in time is not determinable since often times when claims are filed , the plaintiffs do not specify the amount of damages . even when there is an amount alleged , at times the amount is wildly inflated and has no rational basis . the fact that the company is a defendant in product liability lawsuits is not surprising given the current litigation climate , which is largely confined to the united states . however , the fact that the company is subject to claims does not indicate that there is a quality issue with the company 's tires . the company sells approximately 30 to 35 million passenger car , light truck , sport utility vehicle , tbr and motorcycle tires per year in north america . the company estimates that approximately 300 million company-produced tires made up of thousands of different specifications are still on the road in north america . while tire disablements do occur , it is the company 's and the tire industry 's experience that the vast majority of tire failures relate to service-related conditions , which are entirely out of the company 's control , such as failure to maintain proper tire pressure , improper maintenance , improper repairs , road hazard , and excessive speed . the company accrues costs for asserted product liability claims at the time a loss is probable and the amount of loss can be estimated . the company believes the probability of loss can be established and the amount of loss can be estimated only after certain minimum information is available , including verification that company-produced product was involved in the incident giving rise to the claim , the condition of the product purported to be involved in the claim , the nature of the incident giving rise to the claim and the extent of the purported injury or damages . in cases where such information is known , each product liability claim is evaluated based on its specific facts and circumstances . a judgment is then made to determine the requirement for establishment or revision of an accrual for any potential liability . adjustments to estimated reserves are recorded in the period in which the change in estimate occurs . the liability often can not be determined with precision until the claim is resolved . pursuant to asc 450 `` contingencies , `` the company accrues the minimum liability for each known claim when the estimated outcome is a range of probable loss and no one amount within that range is more likely than another . for such known claims , the company accrues the minimum liability because the product liability claims faced by the company are unique and widely variable , and accordingly , the resolutions of those claims have an enormous amount of variability . the costs have ranged from zero dollars to $ 33 million in one case with no average that is meaningful . no specific accrual is made for individual unasserted claims or for premature claims , asserted claims where the minimum information needed to evaluate the probability of a liability is not yet known . however , an accrual is maintained for such claims based , in part , on management 's expectations for future litigation activity and the settled claims history maintained , including the

