on january 12 , 2018 , we closed the acquisition of geodynamics for total consideration of approximately $ 615 million ( the `` geodynamics acquisition `` ) , consisting of ( i ) $ 295 million in cash ( net of cash acquired ) , ( ii ) approximately 8.66 million shares of our common stock ( valued at $ 34.05 per share on the date of closing ) and ( iii ) an unsecured $ 25 million promissory note . in connection with the geodynamics acquisition , we completed several financing transactions in 2018 to extend the maturity of our debt and to provide flexibility in repaying outstanding borrowings under the revolving credit facility with anticipated future cash flows from operations . on january 30 , 2018 , we sold $ 200 million aggregate principal amount of our 1.50 % convertible senior notes due february 2023 ( the `` notes `` ) through a private placement to qualified institutional buyers . we received net proceeds from the offering of the notes of approximately $ 194 million , after deducting issuance costs . we used the net proceeds to repay a portion of the borrowings outstanding under our revolving credit facility , substantially all of which were drawn to fund the cash portion of the purchase price paid for geodynamics . concurrently with the notes offering , we amended our revolving credit facility to extend the maturity date to january 2022 , permit the issuance of the notes and provide for up to $ 350 million in borrowing capacity , subject to certain limitations . on february 28 , 2018 , we acquired falcon flowback services , llc ( `` falcon `` ) , a full-service provider of flowback and well testing services for the separation and recovery of fluids , solid debris and proppant used during hydraulic fracturing operations . falcon provides additional scale and diversity to our completion services operations in key shale plays in the united states . the acquisition price was $ 84.2 million in cash , funded with borrowings under our revolving credit facility . during the third quarter of 2019 , we made the strategic decision to reduce the scope of our drilling services business ( adjusting from 34 rigs to 9 rigs ) due to the ongoing weakness in customer demand for vertical drilling rigs in the u.s. land market . as a result of this decision , our drilling services business recorded a non-cash impairment charge of $ 33.7 million to decrease the carrying value of the business ' fixed assets to their estimated fair value . substantially all of the decommissioned rigs were sold in the fourth quarter of 2019 . - 33 - during the fourth quarter of 2019 , our downhole technologies segment recorded a non-cash goodwill impairment charge of $ 165.0 million due to , among other factors , a reduction in our near-term outlook for demand related to our short-cycle products and services in the u.s. shale play regions . see note 4 , `` details of selected balance sheet accounts , `` note 5 , `` business acquisitions `` and note 7 , `` long-term debt `` to the consolidated financial statements included in this annual report on form 10-k for further discussion . macroeconomic environment our long-term outlook for the energy industry remains constructive – guided by expected population growth , projected future growth in global demand for crude oil , an underinvestment in major offshore projects over the past five years , a decline in the productivity of wells drilled on u.s. land over recent years and increased capital discipline during 2019 by operators in the u.s. shale play regions . additionally , opec , along with russia , have demonstrated a willingness since late 2016 to adjust crude oil production in an effort to balance crude oil supply and demand in the market . in december 2019 , opec and other countries announced further curtailments of crude oil production . we believe that the currently demonstrated restraint by operators to invest in projects without a reasonable return on investment at lower commodity prices creates the potential for crude oil prices to increase over time as production growth slows , providing for improved market fundamentals over the longer term . the macroeconomic environment for the energy sector has been and continues to be extremely volatile due to uncertainties regarding short- and medium-term commodity price expectations . most recently , this volatility was driven by significant production growth from the u.s. shale play regions and concerns over the possible slowing of global demand growth . following material declines in the fourth quarter of 2018 , brent and wti crude oil prices averaged $ 64 and $ 57 per barrel in 2019 – down 10 % and 13 % , respectively , compared to 2018 average prices . while the commodity price environment improved in 2019 relative to the december 2018 lows , the crude oil price outlook and associated volatility continues to have a moderating impact on our customers ' operating results and capital spending plans , particularly those operating in the u.s. shale play regions . consequently , the u.s. rig count at december 31 , 2019 of 805 rigs fell 26 % from the most recent peak of 1,083 rigs working in december of 2018 . current and expected future pricing for wti crude will continue to influence our customers ' willingness to invest in u.s. shale play developments as our customers strive for financial discipline and spending levels that are within their capital budgets and cash flows . expectations for the longer-term price for brent crude oil will continue to influence our customers ' spending related to global offshore drilling and development and , thus , a significant portion of the activity of our offshore/manufactured products segment . story_separator_special_tag consolidated product costs in 2019 increased $ 2.7 million , or 1 % , from 2018 ( compared to a 4 % decrease in product revenue ) as a result of a shift in revenue mix between short-cycle and project-driven products , which generally have higher relative costs , and increased costs within the downhole technologies segment . consolidated service costs for 2019 decreased $ 34.7 million , or 7 % , from 2018 , which included the impact of $ 3.0 million in costs associated with the settlement of flsa claims . the balance of the decrease in service costs from 2018 is due primarily to activity-driven revenue declines within the well site services segment , partially offset by incremental costs in the downhole technologies segment associated with an expansion of field support operations . selling , general and administrative expense . selling , general and administrative expense decreased $ 15.1 million , or 11 % , in 2019 from 2018 . the expense in 2018 included $ 8.4 million of patent defense costs and $ 1.0 million of transaction-related costs . excluding these items from 2018 , selling , general and administrative expense declined $ 5.7 million , or 4 % , due primarily to a year-over-year reduction in stock-based compensation expense . depreciation and amortization expense . depreciation and amortization expense was relatively consistent between the 2019 and 2018 periods , with the impact of the geodynamics and falcon operations acquired in the first quarter of 2018 partially offset by reduced capital investments and certain assets becoming fully depreciated . note 15 , `` segments and related information , `` to the consolidated financial statements included in this annual report on form 10‑k presents depreciation and amortization expense by segment . impairment of goodwill . during the fourth quarter of 2019 , our downhole technologies segment recognized a non-cash impairment charge of $ 165.0 million to reduce the carrying value of the segment 's goodwill . see note 6 , `` goodwill and other intangible assets , `` to the consolidated financial statements included in this annual report on form 10‑k for further discussion . impairment of fixed assets . during the third quarter of 2019 , we made the strategic decision to reduce the scope of our drilling services business ( adjusting from 34 rigs to 9 rigs ) due to the ongoing weakness in customer demand for vertical drilling rigs in the u.s. land market . as a result of this decision , our drilling services business recorded a non-cash impairment charge of $ 33.7 million to decrease the carrying value of the unit 's fixed assets to their estimated fair value . see note 4 , `` details of selected balance sheet accounts , `` to the consolidated financial statements included in this annual report on form 10‑k for further discussion . other operating income , net . other operating income decreased slightly from 2018 , totaling $ 2.0 million in 2019 . during 2018 , our offshore/manufactured products segment recognized a gain of $ 3.9 million in settlement of a hurricane harvey flood insurance claim , which was partially offset by $ 2.3 million in transaction-related expenses . other operating income in 2019 is primarily related to an insurance recovery . operating loss . our consolidated operating loss was $ 228.2 million in 2019 , which included t he impact of $ 198.7 million in non-cash goodwill and fixed asset impairment charges discussed previously and $ 3.5 million of severance and downsizing charges . this compares to a consolidated operating loss of $ 5.9 million in 2018 , which included $ 11.4 million of costs associated with patent defense and settlement of flsa claims , $ 3.3 million of transaction-related expense and $ 1.6 million of severance and downsizing charges partially offset by the $ 3.9 million gain related to the insurance settlement discussed above . interest expense , net . net interest expense was $ 17.6 million in 2019 , a decrease of $ 1.4 million from 2018 . interest expense , which includes amortization of debt discount and deferred financing costs , as a percentage of total average debt outstanding was approximately 6 % in both 2019 and 2018 . our contractual cash interest expense as a percentage of total debt outstanding was substantially lower – averaging approximately 3 % in both 2019 and 2018 . other income , net . other income , net , consisting primarily of gains recognized on the sale of property and equipment , was $ 5.1 million in 2019 , an increase of $ 2.0 million from 2018 . income tax . our income tax benefit for 2019 was $ 8.9 million on a pre-tax loss of $ 240.7 million , which included a non-cash goodwill impairment charge of $ 165.0 million and other expenses that are not deductible for tax purposes . this compares to an income tax benefit for 2018 of $ 2.6 million on a pre-tax loss of $ 21.7 million , which included a $ 5.8 million discrete tax benefit related to u.s. tax reform guidance as well as other discrete tax attributes . other comprehensive income ( loss ) . reported comprehensive loss is the sum of the reported net income ( loss ) and other comprehensive income ( loss ) . other comprehensive income was $ 3.7 million in 2019 compared to other comprehensive loss of $ 12.9 million in 2018 due to fluctuations in foreign currency exchange rates compared to the u.s. dollar for certain of the international operations of our reportable segments . for 2019 and 2018 , currency translation adjustments recognized as a component of other comprehensive income ( loss ) were primarily attributable to the united kingdom and brazil . in 2019 , the exchange rate for the british - 40 - pound strengthened compared to the u.s. dollar , while the brazilian real weakened compared to the u.s. dollar . during 2018 , the

cash flows totaling $ 137.4 million were provided by operations during the year ended december 31 , 2019 compared to $ 103.2 million provided by operations during the year ended december 31 , 2018 . during 2019 , $ 39.3 million was provided by net working capital decreases , with a reduction in accounts receivable partially offset by an increase in inventories . during 2018 , $ 22.9 million used to fund working capital increases primarily associated with activity-driven growth in accounts receivable and inventories . investing activities a total of $ 52.0 million in cash was used in investing activities during the year ended december 31 , 2019 , compared to $ 461.4 million used during 2018 . capital expenditures totaled $ 56.1 million and $ 88.0 million during the years ended december 31 , 2019 and 2018 , respectively . capital expenditures in both years consisted principally of purchases of completion services equipment , expansion and upgrading of our downhole technologies and offshore/manufactured products segment facilities and equipment as well as various other capital spending initiatives . on january 12 , 2018 , we acquired geodynamics for a purchase price consisting of ( i ) $ 295.4 million in cash ( net of cash acquired ) , which we funded through borrowings under our revolving credit facility , ( ii ) approximately 8.66 million shares of our common stock ( having a market value of $ 294.9 million as of the closing date ) and ( iii ) an unsecured $ 25.0 million promissory note . on february 28 , 2018 , we acquired falcon for cash consideration of $ 84.2 million ( net of cash acquired ) , which we funded from borrowings under our revolving credit facility . we expect to spend between $ 40 million and $ 45 million in total capital expenditures during 2020 to replace and upgrade our completion services equipment , to expand and maintain our downhole technologies and offshore/manufactured products facilities and equipment , and to fund various other capital spending projects .


 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 totaling $ 137.4 million were provided by operations during the year ended december 31 , 2019 compared to $ 103.2 million provided by operations during the year ended december 31 , 2018 . during 2019 , $ 39.3 million was provided by net working capital decreases , with a reduction in accounts receivable partially offset by an increase in inventories . during 2018 , $ 22.9 million used to fund working capital increases primarily associated with activity-driven growth in accounts receivable and inventories . investing activities a total of $ 52.0 million in cash was used in investing activities during the year ended december 31 , 2019 , compared to $ 461.4 million used during 2018 . capital expenditures totaled $ 56.1 million and $ 88.0 million during the years ended december 31 , 2019 and 2018 , respectively . capital expenditures in both years consisted principally of purchases of completion services equipment , expansion and upgrading of our downhole technologies and offshore/manufactured products segment facilities and equipment as well as various other capital spending initiatives . on january 12 , 2018 , we acquired geodynamics for a purchase price consisting of ( i ) $ 295.4 million in cash ( net of cash acquired ) , which we funded through borrowings under our revolving credit facility , ( ii ) approximately 8.66 million shares of our common stock ( having a market value of $ 294.9 million as of the closing date ) and ( iii ) an unsecured $ 25.0 million promissory note . on february 28 , 2018 , we acquired falcon for cash consideration of $ 84.2 million ( net of cash acquired ) , which we funded from borrowings under our revolving credit facility . we expect to spend between $ 40 million and $ 45 million in total capital expenditures during 2020 to replace and upgrade our completion services equipment , to expand and maintain our downhole technologies and offshore/manufactured products facilities and equipment , and to fund various other capital spending projects .
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 Suspicious Activity Report : on january 12 , 2018 , we closed the acquisition of geodynamics for total consideration of approximately $ 615 million ( the `` geodynamics acquisition `` ) , consisting of ( i ) $ 295 million in cash ( net of cash acquired ) , ( ii ) approximately 8.66 million shares of our common stock ( valued at $ 34.05 per share on the date of closing ) and ( iii ) an unsecured $ 25 million promissory note . in connection with the geodynamics acquisition , we completed several financing transactions in 2018 to extend the maturity of our debt and to provide flexibility in repaying outstanding borrowings under the revolving credit facility with anticipated future cash flows from operations . on january 30 , 2018 , we sold $ 200 million aggregate principal amount of our 1.50 % convertible senior notes due february 2023 ( the `` notes `` ) through a private placement to qualified institutional buyers . we received net proceeds from the offering of the notes of approximately $ 194 million , after deducting issuance costs . we used the net proceeds to repay a portion of the borrowings outstanding under our revolving credit facility , substantially all of which were drawn to fund the cash portion of the purchase price paid for geodynamics . concurrently with the notes offering , we amended our revolving credit facility to extend the maturity date to january 2022 , permit the issuance of the notes and provide for up to $ 350 million in borrowing capacity , subject to certain limitations . on february 28 , 2018 , we acquired falcon flowback services , llc ( `` falcon `` ) , a full-service provider of flowback and well testing services for the separation and recovery of fluids , solid debris and proppant used during hydraulic fracturing operations . falcon provides additional scale and diversity to our completion services operations in key shale plays in the united states . the acquisition price was $ 84.2 million in cash , funded with borrowings under our revolving credit facility . during the third quarter of 2019 , we made the strategic decision to reduce the scope of our drilling services business ( adjusting from 34 rigs to 9 rigs ) due to the ongoing weakness in customer demand for vertical drilling rigs in the u.s. land market . as a result of this decision , our drilling services business recorded a non-cash impairment charge of $ 33.7 million to decrease the carrying value of the business ' fixed assets to their estimated fair value . substantially all of the decommissioned rigs were sold in the fourth quarter of 2019 . - 33 - during the fourth quarter of 2019 , our downhole technologies segment recorded a non-cash goodwill impairment charge of $ 165.0 million due to , among other factors , a reduction in our near-term outlook for demand related to our short-cycle products and services in the u.s. shale play regions . see note 4 , `` details of selected balance sheet accounts , `` note 5 , `` business acquisitions `` and note 7 , `` long-term debt `` to the consolidated financial statements included in this annual report on form 10-k for further discussion . macroeconomic environment our long-term outlook for the energy industry remains constructive – guided by expected population growth , projected future growth in global demand for crude oil , an underinvestment in major offshore projects over the past five years , a decline in the productivity of wells drilled on u.s. land over recent years and increased capital discipline during 2019 by operators in the u.s. shale play regions . additionally , opec , along with russia , have demonstrated a willingness since late 2016 to adjust crude oil production in an effort to balance crude oil supply and demand in the market . in december 2019 , opec and other countries announced further curtailments of crude oil production . we believe that the currently demonstrated restraint by operators to invest in projects without a reasonable return on investment at lower commodity prices creates the potential for crude oil prices to increase over time as production growth slows , providing for improved market fundamentals over the longer term . the macroeconomic environment for the energy sector has been and continues to be extremely volatile due to uncertainties regarding short- and medium-term commodity price expectations . most recently , this volatility was driven by significant production growth from the u.s. shale play regions and concerns over the possible slowing of global demand growth . following material declines in the fourth quarter of 2018 , brent and wti crude oil prices averaged $ 64 and $ 57 per barrel in 2019 – down 10 % and 13 % , respectively , compared to 2018 average prices . while the commodity price environment improved in 2019 relative to the december 2018 lows , the crude oil price outlook and associated volatility continues to have a moderating impact on our customers ' operating results and capital spending plans , particularly those operating in the u.s. shale play regions . consequently , the u.s. rig count at december 31 , 2019 of 805 rigs fell 26 % from the most recent peak of 1,083 rigs working in december of 2018 . current and expected future pricing for wti crude will continue to influence our customers ' willingness to invest in u.s. shale play developments as our customers strive for financial discipline and spending levels that are within their capital budgets and cash flows . expectations for the longer-term price for brent crude oil will continue to influence our customers ' spending related to global offshore drilling and development and , thus , a significant portion of the activity of our offshore/manufactured products segment . story_separator_special_tag consolidated product costs in 2019 increased $ 2.7 million , or 1 % , from 2018 ( compared to a 4 % decrease in product revenue ) as a result of a shift in revenue mix between short-cycle and project-driven products , which generally have higher relative costs , and increased costs within the downhole technologies segment . consolidated service costs for 2019 decreased $ 34.7 million , or 7 % , from 2018 , which included the impact of $ 3.0 million in costs associated with the settlement of flsa claims . the balance of the decrease in service costs from 2018 is due primarily to activity-driven revenue declines within the well site services segment , partially offset by incremental costs in the downhole technologies segment associated with an expansion of field support operations . selling , general and administrative expense . selling , general and administrative expense decreased $ 15.1 million , or 11 % , in 2019 from 2018 . the expense in 2018 included $ 8.4 million of patent defense costs and $ 1.0 million of transaction-related costs . excluding these items from 2018 , selling , general and administrative expense declined $ 5.7 million , or 4 % , due primarily to a year-over-year reduction in stock-based compensation expense . depreciation and amortization expense . depreciation and amortization expense was relatively consistent between the 2019 and 2018 periods , with the impact of the geodynamics and falcon operations acquired in the first quarter of 2018 partially offset by reduced capital investments and certain assets becoming fully depreciated . note 15 , `` segments and related information , `` to the consolidated financial statements included in this annual report on form 10‑k presents depreciation and amortization expense by segment . impairment of goodwill . during the fourth quarter of 2019 , our downhole technologies segment recognized a non-cash impairment charge of $ 165.0 million to reduce the carrying value of the segment 's goodwill . see note 6 , `` goodwill and other intangible assets , `` to the consolidated financial statements included in this annual report on form 10‑k for further discussion . impairment of fixed assets . during the third quarter of 2019 , we made the strategic decision to reduce the scope of our drilling services business ( adjusting from 34 rigs to 9 rigs ) due to the ongoing weakness in customer demand for vertical drilling rigs in the u.s. land market . as a result of this decision , our drilling services business recorded a non-cash impairment charge of $ 33.7 million to decrease the carrying value of the unit 's fixed assets to their estimated fair value . see note 4 , `` details of selected balance sheet accounts , `` to the consolidated financial statements included in this annual report on form 10‑k for further discussion . other operating income , net . other operating income decreased slightly from 2018 , totaling $ 2.0 million in 2019 . during 2018 , our offshore/manufactured products segment recognized a gain of $ 3.9 million in settlement of a hurricane harvey flood insurance claim , which was partially offset by $ 2.3 million in transaction-related expenses . other operating income in 2019 is primarily related to an insurance recovery . operating loss . our consolidated operating loss was $ 228.2 million in 2019 , which included t he impact of $ 198.7 million in non-cash goodwill and fixed asset impairment charges discussed previously and $ 3.5 million of severance and downsizing charges . this compares to a consolidated operating loss of $ 5.9 million in 2018 , which included $ 11.4 million of costs associated with patent defense and settlement of flsa claims , $ 3.3 million of transaction-related expense and $ 1.6 million of severance and downsizing charges partially offset by the $ 3.9 million gain related to the insurance settlement discussed above . interest expense , net . net interest expense was $ 17.6 million in 2019 , a decrease of $ 1.4 million from 2018 . interest expense , which includes amortization of debt discount and deferred financing costs , as a percentage of total average debt outstanding was approximately 6 % in both 2019 and 2018 . our contractual cash interest expense as a percentage of total debt outstanding was substantially lower – averaging approximately 3 % in both 2019 and 2018 . other income , net . other income , net , consisting primarily of gains recognized on the sale of property and equipment , was $ 5.1 million in 2019 , an increase of $ 2.0 million from 2018 . income tax . our income tax benefit for 2019 was $ 8.9 million on a pre-tax loss of $ 240.7 million , which included a non-cash goodwill impairment charge of $ 165.0 million and other expenses that are not deductible for tax purposes . this compares to an income tax benefit for 2018 of $ 2.6 million on a pre-tax loss of $ 21.7 million , which included a $ 5.8 million discrete tax benefit related to u.s. tax reform guidance as well as other discrete tax attributes . other comprehensive income ( loss ) . reported comprehensive loss is the sum of the reported net income ( loss ) and other comprehensive income ( loss ) . other comprehensive income was $ 3.7 million in 2019 compared to other comprehensive loss of $ 12.9 million in 2018 due to fluctuations in foreign currency exchange rates compared to the u.s. dollar for certain of the international operations of our reportable segments . for 2019 and 2018 , currency translation adjustments recognized as a component of other comprehensive income ( loss ) were primarily attributable to the united kingdom and brazil . in 2019 , the exchange rate for the british - 40 - pound strengthened compared to the u.s. dollar , while the brazilian real weakened compared to the u.s. dollar . during 2018 , the

