miles per gallon by 2025. as a result , oems and suppliers are competing to develop and market new and alternative technologies , such as electric vehicles , hybrid vehicles , fuel cells , and fuel-efficient diesel engines . at the same time , oems and suppliers are improving driveline systems to increase fuel economy and reduce emissions through lightweighting and efficiency initiatives . we are responding to the increases in cafe standards with ongoing research and development ( r & d ) efforts that focus on fuel economy , emissions reductions and environmental improvements . these efforts have led to new business awards for products that support awd and rwd crossover vehicles and passenger cars and further position us to compete in the marketplace . we are continuing to invest in the development of advanced products focused on fuel economy , mass reductions , vehicle safety and performance by integrating electronics and technology . approximately 80 % of aam 's new and incremental business backlog launching from 2017 to 2019 , which is an estimated $ 875 million , relates to aam 's newest awd systems for crossover vehicles and passenger cars . aam ' s ecotrac ® disconnecting awd system technology seamlessly engages awd functionality while improving fuel efficiency and reducing co 2 emissions . our e-aam hybrid and electric driveline systems are designed to improve fuel efficiency by up to 30 % , reduce co 2 emissions and provide awd capability with the additional benefit of improved vehicle stability when compared to traditional mechanical awd systems . aam has established a high-efficiency product portfolio that is designed to improve axle efficiency and fuel economy through innovative product design technology . our lineup of high-efficiency axles for rear-wheel drive and awd applications and our high efficiency rear-drive module are featured on multiple award winning vehicles . through the development of our ecotrac ® disconnecting awd system , our e-aam hybrid and electric driveline systems , our quantum tm lightweight axle technology , our high efficiency axles , powerlite ® axles and powerdense ® gears , we have significantly advanced our efforts to improve fuel efficiency and safety , ride and handling performance while reducing emissions and mass . in addition to aam 's organic growth in technology and processes , our pending acquisition of mpg provides a significant opportunity for aam to leverage complementary technologies , expand our product portfolio , significantly diversify our global customer base , and strengthen our long-term financial profile through greater scale . the anticipated synergies of this acquisition are expected to enhance aam 's ability to compete in today 's technological and regulatory environment , while remaining cost competitive through increased scale and integration . increase in demand for electronic integration the electronic content of vehicles continues to expand , largely driven by consumer demand for greater vehicle performance , enhanced functionality , and affordable convenience options . as electronic components become an increasingly larger focus for oems and suppliers , the industry will likely continue to see the addition of new market entrants from non-traditional automotive companies , including increased competition from technology companies . an area of focus will be the product development cycle and bridging the gap between the shorter development cycles of it hardware and software and the longer development cycles of traditional powertrain components . aam 's mechatronics technical center in michigan is a facility dedicated to the engineering , design and development of driveline systems that include electronic components . in addition , aam 's product portfolio including e-aam hybrid and electric driveline systems , ecotrac ® disconnecting awd system , vectrac torque vectoring technology and tracrite ® differential technology , are examples of aam 's enhanced capabilities in electronic integration . global automotive production and industry consolidation asia and eastern europe continue to be an area of focus for automotive capital investment as well as strategic regions for innovation and new product development . as our customers continue to design their products for global markets , they will continue to require global support from their suppliers . for this reason , it is critical that suppliers maintain a global presence in these markets in order to compete for new contracts . over the past several years , we increased our global installed capacity to support current programs and future opportunities , including expansion in the emerging markets of china , poland , and thailand . we also have engineering offices around the world to support our global locations . as we continue to diversify our product portfolio , we plan to increase our investment in these resources in order to provide technical solutions to our customers on a regional basis . 28 the cyclical nature of the automotive industry , volatile oil prices , and the shifting demands of consumer preference and regulatory requirements , require oems and suppliers to remain agile with regard to product development and global capability . a critical objective for oems and suppliers will be the ability to meet these global demands while effectively managing costs . oems and suppliers are preparing for these challenges through merger and acquisition activity , development of strategic partnerships and reduction of vehicle platform complexity . in order to effectively drive technology development , recognize cost synergies , and increase global footprint , the industry may continue to see consolidation in the supply base as companies recognize and respond to the need for scalability . aam 's pending acquisition of mpg is a critical step in achieving the aforementioned objectives . oem recalls and warranty programs an unprecedented level of vehicle recalls occurred over the past several years , which resulted in increased attention on the automotive industry and , consequently , pressure from legislators , media , regulators and the public . story_separator_special_tag we recognized revenue related to this agreement of $ 1.1 million in 2016 and 2015 , and $ 0.5 million in 2014. as of december 31 , 2016 , we have recorded deferred revenue of $ 6.6 million , $ 1.1 million of which is classified as a current liability and $ 5.5 million which is recorded as a noncurrent liability on our consolidated balance sheet . inventories at year-end 2016 , inventories were $ 219.5 million as compared to $ 230.5 million at year-end 2015 and $ 248.8 million at year-end 2014 . the decrease in inventory in 2016 , as compared to 2015 , primarily reflects the impact of inventory reduction initiatives , as well as the reduction of inventory at certain facilities as a result of expiring programs . the decrease in inventory in 2015 , as compared to 2014 , primarily reflects a reduction in steel costs , foreign exchange and inventory reduction initiatives . accounts receivable accounts receivable at year-end 2016 were $ 560.0 million as compared to $ 539.1 million at year-end 2015 and $ 532.7 million at year-end 2014 . interest paid interest paid in 2016 was $ 87.2 million as compared to $ 93.8 million in 2015 and $ 91.1 million in 2014 . the decrease in interest paid in 2016 , as compared to 2015 , primarily relates to our voluntary election to prepay the outstanding principal balance on our term facility in the fourth quarter of 2015. accounts payable at year-end 2016 , accounts payable were $ 382.3 million as compared to $ 412.7 million at year-end 2015 and $ 444.3 million at year-end 2014 . the decreases in our year-end 2016 accounts payable balance , as compared to 2015 , as well as our year-end 2015 accounts payable balance , as compared to 2014 , were primarily due to a reduction in inventory levels and the timing of payments made to suppliers . income taxes in january 2016 , we completed negotiations with the mexican tax authorities to settle 2007 through 2009 transfer pricing audits . we made a payment of $ 22.9 million in january 2016 that fully satisfied our obligations for transfer pricing issues for tax years 2007 through 2013. including these settlements , we made payments of approximately $ 28 million in 2016 to the mexican tax authorities related to transfer pricing matters . sales and production volumes cash provided by operating activities was favorably impacted by higher profits related to an increase in sales and production activity in 2015 as compared to 2014 . restructuring and acquisition-related costs in 2017 , we expect to incur $ 20 to $ 25 million of cash charges under our global restructuring program , as well as acquisition and integration related cash charges of approximately $ 40 million in conjunction with our pending acquisition of mpg and other strategic initiatives . investing activities capital expenditures were $ 223.0 million in 2016 , $ 193.5 million in 2015 and $ 206.5 million in 2014 . our capital spending primarily supported our significant global program launches within our new and incremental business backlog , as well as the upgrades to our erp systems . we expect our capital spending in 2017 to be in the range of 6.5 % to 7 % of sales , which includes support for our global program launches in 2017 and 2018 within our new and incremental business backlog , as well as program capacity increases and future launches of replacement programs . 33 in the fourth quarter of 2016 , we executed early buyout options to purchase certain leased equipment in the amount of $ 4.6 million . we have the ability to exercise additional early buyout options to purchase leased equipment and we expect our cash outlay associated with these additional early buyout options to be approximately $ 13 million in 2017. we received proceeds of $ 2.8 million , $ 5.1 million and $ 2.1 million in 2016 , 2015 and 2014 , respectively , related to a european union government incentive for capital expenditures related to new technology . in 2014 , we sold our detroit manufacturing complex and received net proceeds of $ 9.2 million related to this transaction . for the year ended december 31 , 2014 , we classified $ 7.2 million of these proceeds , which represents the amount related to the land and building for which we will have no future continuing involvement , in the investing activities section of our consolidated statement of cash flows . on november 3 , 2016 , aam entered into a definitive merger agreement with mpg under which aam will acquire mpg for approximately $ 1.7 billion in cash and stock . under the terms of the agreement , each share of mpg 's common stock will be converted into the right to receive $ 13.50 per share in cash and 0.5 of a share of aam common stock . we expect the transaction to close in the first half of 2017. financing activities story_separator_special_tag # 000000 ; background-color : # cceeff ; padding-left:2px ; padding-top:2px ; padding-bottom:2px ; padding-right:2px ; border-left:1px solid # 000000 ; border-right:1px solid # 000000 ; border-top:1px solid # 000000 ; `` > corporate family rating senior unsecured notes rating outlook standard & poor 's bb- bb- stable moody 's investors services ba3 b1 under review for downgrade fitch ratings bb bb rating watch negative dividend program we have not declared or paid any cash dividends on our common stock in 2016 , 2015 or 2014 . stock repurchase we repurchased shares of aam common stock for $ 5.2 million , $ 3.1 million and $ 0.3 million , in 2016 , 2015 and 2014 , respectively , to satisfy employee tax withholding obligations due upon the vesting of restricted stock units and performance shares , as well as an initial share repurchase under the authorized share repurchase program . on may 5 , 2016 ,

net cash provided by financing activities was $ 18.4 million in 2016 , and net cash used in financing activities was $ 143.6 million and $ 21.4 million in 2015 and 2014 , respectively . total debt outstanding , net of debt issuance costs , was $ 1,404.2 million at year-end 2016 , $ 1,379.0 million at year-end 2015 and 1,517.6 million at year-end 2014 . the increase in total debt outstanding , net of debt issuance costs , at year-end 2016 , as compared to year-end 2015 , was primarily due to increased borrowings on our foreign credit facilities . the decrease in total debt outstanding , net of debt issuance costs , at year-end 2015 , as compared to year-end 2014 , was primarily due to our voluntary election to prepay our term facility in full in 2015. revolving credit facility and term facility as of december 31 , 2016 , the revolving credit facility provided up to $ 523.5 million of revolving bank financing commitments through september 13 , 2018. at december 31 , 2016 , $ 507.3 million was available under the revolving credit facility , which reflected a reduction of $ 16.2 million for standby letters of credit issued against the facility . the credit agreement provided for a senior secured term loan a facility in an aggregate principal amount of $ 150.0 million ( term facility ) . in 2015 , we made principal payments of $ 142.5 million on our term facility to prepay all outstanding principal . upon prepayment , we expensed $ 0.8 million in 2015 related to the write-off of the remaining unamortized debt issuance costs related to our term facility that we had been amortizing over the expected life of the borrowing . borrowings under the revolving credit facility and term facility bear interest at rates based on adjusted libor or an alternate base rate , plus an applicable margin . the applicable margin for libor-based loans will be between 1.5 % and 3.0 % .


 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 financing activities was $ 18.4 million in 2016 , and net cash used in financing activities was $ 143.6 million and $ 21.4 million in 2015 and 2014 , respectively . total debt outstanding , net of debt issuance costs , was $ 1,404.2 million at year-end 2016 , $ 1,379.0 million at year-end 2015 and 1,517.6 million at year-end 2014 . the increase in total debt outstanding , net of debt issuance costs , at year-end 2016 , as compared to year-end 2015 , was primarily due to increased borrowings on our foreign credit facilities . the decrease in total debt outstanding , net of debt issuance costs , at year-end 2015 , as compared to year-end 2014 , was primarily due to our voluntary election to prepay our term facility in full in 2015. revolving credit facility and term facility as of december 31 , 2016 , the revolving credit facility provided up to $ 523.5 million of revolving bank financing commitments through september 13 , 2018. at december 31 , 2016 , $ 507.3 million was available under the revolving credit facility , which reflected a reduction of $ 16.2 million for standby letters of credit issued against the facility . the credit agreement provided for a senior secured term loan a facility in an aggregate principal amount of $ 150.0 million ( term facility ) . in 2015 , we made principal payments of $ 142.5 million on our term facility to prepay all outstanding principal . upon prepayment , we expensed $ 0.8 million in 2015 related to the write-off of the remaining unamortized debt issuance costs related to our term facility that we had been amortizing over the expected life of the borrowing . borrowings under the revolving credit facility and term facility bear interest at rates based on adjusted libor or an alternate base rate , plus an applicable margin . the applicable margin for libor-based loans will be between 1.5 % and 3.0 % .
```    
 Suspicious Activity Report : miles per gallon by 2025. as a result , oems and suppliers are competing to develop and market new and alternative technologies , such as electric vehicles , hybrid vehicles , fuel cells , and fuel-efficient diesel engines . at the same time , oems and suppliers are improving driveline systems to increase fuel economy and reduce emissions through lightweighting and efficiency initiatives . we are responding to the increases in cafe standards with ongoing research and development ( r & d ) efforts that focus on fuel economy , emissions reductions and environmental improvements . these efforts have led to new business awards for products that support awd and rwd crossover vehicles and passenger cars and further position us to compete in the marketplace . we are continuing to invest in the development of advanced products focused on fuel economy , mass reductions , vehicle safety and performance by integrating electronics and technology . approximately 80 % of aam 's new and incremental business backlog launching from 2017 to 2019 , which is an estimated $ 875 million , relates to aam 's newest awd systems for crossover vehicles and passenger cars . aam ' s ecotrac ® disconnecting awd system technology seamlessly engages awd functionality while improving fuel efficiency and reducing co 2 emissions . our e-aam hybrid and electric driveline systems are designed to improve fuel efficiency by up to 30 % , reduce co 2 emissions and provide awd capability with the additional benefit of improved vehicle stability when compared to traditional mechanical awd systems . aam has established a high-efficiency product portfolio that is designed to improve axle efficiency and fuel economy through innovative product design technology . our lineup of high-efficiency axles for rear-wheel drive and awd applications and our high efficiency rear-drive module are featured on multiple award winning vehicles . through the development of our ecotrac ® disconnecting awd system , our e-aam hybrid and electric driveline systems , our quantum tm lightweight axle technology , our high efficiency axles , powerlite ® axles and powerdense ® gears , we have significantly advanced our efforts to improve fuel efficiency and safety , ride and handling performance while reducing emissions and mass . in addition to aam 's organic growth in technology and processes , our pending acquisition of mpg provides a significant opportunity for aam to leverage complementary technologies , expand our product portfolio , significantly diversify our global customer base , and strengthen our long-term financial profile through greater scale . the anticipated synergies of this acquisition are expected to enhance aam 's ability to compete in today 's technological and regulatory environment , while remaining cost competitive through increased scale and integration . increase in demand for electronic integration the electronic content of vehicles continues to expand , largely driven by consumer demand for greater vehicle performance , enhanced functionality , and affordable convenience options . as electronic components become an increasingly larger focus for oems and suppliers , the industry will likely continue to see the addition of new market entrants from non-traditional automotive companies , including increased competition from technology companies . an area of focus will be the product development cycle and bridging the gap between the shorter development cycles of it hardware and software and the longer development cycles of traditional powertrain components . aam 's mechatronics technical center in michigan is a facility dedicated to the engineering , design and development of driveline systems that include electronic components . in addition , aam 's product portfolio including e-aam hybrid and electric driveline systems , ecotrac ® disconnecting awd system , vectrac torque vectoring technology and tracrite ® differential technology , are examples of aam 's enhanced capabilities in electronic integration . global automotive production and industry consolidation asia and eastern europe continue to be an area of focus for automotive capital investment as well as strategic regions for innovation and new product development . as our customers continue to design their products for global markets , they will continue to require global support from their suppliers . for this reason , it is critical that suppliers maintain a global presence in these markets in order to compete for new contracts . over the past several years , we increased our global installed capacity to support current programs and future opportunities , including expansion in the emerging markets of china , poland , and thailand . we also have engineering offices around the world to support our global locations . as we continue to diversify our product portfolio , we plan to increase our investment in these resources in order to provide technical solutions to our customers on a regional basis . 28 the cyclical nature of the automotive industry , volatile oil prices , and the shifting demands of consumer preference and regulatory requirements , require oems and suppliers to remain agile with regard to product development and global capability . a critical objective for oems and suppliers will be the ability to meet these global demands while effectively managing costs . oems and suppliers are preparing for these challenges through merger and acquisition activity , development of strategic partnerships and reduction of vehicle platform complexity . in order to effectively drive technology development , recognize cost synergies , and increase global footprint , the industry may continue to see consolidation in the supply base as companies recognize and respond to the need for scalability . aam 's pending acquisition of mpg is a critical step in achieving the aforementioned objectives . oem recalls and warranty programs an unprecedented level of vehicle recalls occurred over the past several years , which resulted in increased attention on the automotive industry and , consequently , pressure from legislators , media , regulators and the public . story_separator_special_tag we recognized revenue related to this agreement of $ 1.1 million in 2016 and 2015 , and $ 0.5 million in 2014. as of december 31 , 2016 , we have recorded deferred revenue of $ 6.6 million , $ 1.1 million of which is classified as a current liability and $ 5.5 million which is recorded as a noncurrent liability on our consolidated balance sheet . inventories at year-end 2016 , inventories were $ 219.5 million as compared to $ 230.5 million at year-end 2015 and $ 248.8 million at year-end 2014 . the decrease in inventory in 2016 , as compared to 2015 , primarily reflects the impact of inventory reduction initiatives , as well as the reduction of inventory at certain facilities as a result of expiring programs . the decrease in inventory in 2015 , as compared to 2014 , primarily reflects a reduction in steel costs , foreign exchange and inventory reduction initiatives . accounts receivable accounts receivable at year-end 2016 were $ 560.0 million as compared to $ 539.1 million at year-end 2015 and $ 532.7 million at year-end 2014 . interest paid interest paid in 2016 was $ 87.2 million as compared to $ 93.8 million in 2015 and $ 91.1 million in 2014 . the decrease in interest paid in 2016 , as compared to 2015 , primarily relates to our voluntary election to prepay the outstanding principal balance on our term facility in the fourth quarter of 2015. accounts payable at year-end 2016 , accounts payable were $ 382.3 million as compared to $ 412.7 million at year-end 2015 and $ 444.3 million at year-end 2014 . the decreases in our year-end 2016 accounts payable balance , as compared to 2015 , as well as our year-end 2015 accounts payable balance , as compared to 2014 , were primarily due to a reduction in inventory levels and the timing of payments made to suppliers . income taxes in january 2016 , we completed negotiations with the mexican tax authorities to settle 2007 through 2009 transfer pricing audits . we made a payment of $ 22.9 million in january 2016 that fully satisfied our obligations for transfer pricing issues for tax years 2007 through 2013. including these settlements , we made payments of approximately $ 28 million in 2016 to the mexican tax authorities related to transfer pricing matters . sales and production volumes cash provided by operating activities was favorably impacted by higher profits related to an increase in sales and production activity in 2015 as compared to 2014 . restructuring and acquisition-related costs in 2017 , we expect to incur $ 20 to $ 25 million of cash charges under our global restructuring program , as well as acquisition and integration related cash charges of approximately $ 40 million in conjunction with our pending acquisition of mpg and other strategic initiatives . investing activities capital expenditures were $ 223.0 million in 2016 , $ 193.5 million in 2015 and $ 206.5 million in 2014 . our capital spending primarily supported our significant global program launches within our new and incremental business backlog , as well as the upgrades to our erp systems . we expect our capital spending in 2017 to be in the range of 6.5 % to 7 % of sales , which includes support for our global program launches in 2017 and 2018 within our new and incremental business backlog , as well as program capacity increases and future launches of replacement programs . 33 in the fourth quarter of 2016 , we executed early buyout options to purchase certain leased equipment in the amount of $ 4.6 million . we have the ability to exercise additional early buyout options to purchase leased equipment and we expect our cash outlay associated with these additional early buyout options to be approximately $ 13 million in 2017. we received proceeds of $ 2.8 million , $ 5.1 million and $ 2.1 million in 2016 , 2015 and 2014 , respectively , related to a european union government incentive for capital expenditures related to new technology . in 2014 , we sold our detroit manufacturing complex and received net proceeds of $ 9.2 million related to this transaction . for the year ended december 31 , 2014 , we classified $ 7.2 million of these proceeds , which represents the amount related to the land and building for which we will have no future continuing involvement , in the investing activities section of our consolidated statement of cash flows . on november 3 , 2016 , aam entered into a definitive merger agreement with mpg under which aam will acquire mpg for approximately $ 1.7 billion in cash and stock . under the terms of the agreement , each share of mpg 's common stock will be converted into the right to receive $ 13.50 per share in cash and 0.5 of a share of aam common stock . we expect the transaction to close in the first half of 2017. financing activities story_separator_special_tag # 000000 ; background-color : # cceeff ; padding-left:2px ; padding-top:2px ; padding-bottom:2px ; padding-right:2px ; border-left:1px solid # 000000 ; border-right:1px solid # 000000 ; border-top:1px solid # 000000 ; `` > corporate family rating senior unsecured notes rating outlook standard & poor 's bb- bb- stable moody 's investors services ba3 b1 under review for downgrade fitch ratings bb bb rating watch negative dividend program we have not declared or paid any cash dividends on our common stock in 2016 , 2015 or 2014 . stock repurchase we repurchased shares of aam common stock for $ 5.2 million , $ 3.1 million and $ 0.3 million , in 2016 , 2015 and 2014 , respectively , to satisfy employee tax withholding obligations due upon the vesting of restricted stock units and performance shares , as well as an initial share repurchase under the authorized share repurchase program . on may 5 , 2016 ,

