21 index results of operations 2020 vs. 2019 revenue sensient 's revenue was approximately $ 1.3 billion in both 2020 and 2019. gross profit the company 's gross margin was 31.8 % in 2020 and 31.4 % in 2019. the increase in gross margin is primarily a result of lower divestiture & other related costs in 2020. selling and administrative expenses selling and administrative expense as a percent of revenue was 20.4 % in 2020 and 22.2 % in 2019. selling and administrative expenses in 2020 included divestiture & other related expenses , operational improvement plan costs , and the one-time covid-19 employee payment totaling $ 15.7 million and in 2019 included divestiture & other related costs totaling $ 35.3 million . these expenses increased selling and administrative expense as a percent of revenue by approximately 120 and 270 basis points in 2020 and 2019 , respectively . see divestitures below for further information . operating income operating income was $ 152.7 million in 2020 and $ 121.1 million in 2019. operating margins were 11.5 % in 2020 and 9.2 % in 2019. divestiture & other related costs , operational improvement plan costs , and the one-time covid-19 employee payment reduced operating margins by approximately 140 basis points in 2020 and divestiture & other related expenses reduced operating margins by approximately 350 basis points in 2019. additional information on segment results can be found in the segment information section . interest expense interest expense was $ 14.8 million in 2020 and $ 20.1 million in 2019. the decrease in expense was primarily due to a decrease in the average interest rate and the average debt outstanding . income taxes the effective income tax rate was 20.6 % in 2020 and 18.8 % in 2019. the effective tax rates in both 2020 and 2019 were impacted by changes in estimates associated with the finalization of prior year foreign and domestic tax items , audit settlements , mix of foreign earnings , costs related to the divestiture & other related costs and the release of valuation allowances related to the foreign tax credit carryover and foreign net operating losses . see note 11 , income taxes , in the notes to consolidated financial statements included in this report for additional information . replace_table_token_3_th the 2021 effective income tax rate is estimated to be between 24 % and 25 % , before any divestiture & other related costs and discrete items , such as finalization of prior year foreign and domestic tax items , audit settlements , and valuation allowance adjustments . divestitures in october 2019 , the company announced its intent to divest its inks , fragrances ( excluding its essential oils product line ) , and yogurt fruit preparations product lines . in the fourth quarter of 2019 , the board of directors approved the sale of the inks product line , which was within the color segment , and the fragrances product line ( excluding its essential oils product line ) , which is within the flavors & extracts segment . in the second quarter of 2020 , the board of directors approved the sale of the yogurt fruit preparations product line , which was within the flavors & extracts segment . on june 30 , 2020 , the company completed the sale of its inks product line . in 2020 , the company received $ 11.6 million of net cash for the sale of the product line and expects to receive additional cash when it completes certain post-closing asset sales . on september 18 , 2020 , the company completed the sale of its yogurt fruit preparations product line for $ 1.0 million . the sale included an earn-out agreement based on future performance , which could result in additional cash consideration for the company . on november 23 , 2020 , the company announced it had entered into a definitive agreement to sell its fragrances product line ( excluding its essential oils product line ) . the company expects the transaction to close in the first half of 2021 . 22 index divestiture & other related costs were $ 12.2 million and $ 45.9 million in 2020 and 2019 , respectively . see note 14 , divestitures , in the notes to consolidated financial statements included in this report for additional information . as of december 31 , 2020 , the company currently estimates 2021 divestiture charges will be $ 10 million to $ 14 million . the company is expecting a non-cash charge of $ 8 million to $ 10 million upon closing the sale of the fragrances product line ( excluding its essential oils product line ) related to the reclassification of accumulated foreign currency translation and related items from accumulated other comprehensive loss to selling and administrative expenses in the consolidated statement of earnings . in addition , the company expects other costs , primarily accelerated depreciation and other exiting activities expenses , to be between $ 2 million and $ 4 million . the company anticipates that it will complete the sales and exit activities of these product lines in 2021. operational improvement plan in the third quarter of 2020 , the company approved an operational improvement plan to consolidate manufacturing facilities and improve efficiencies within the company . as part of the operational improvement plan , the company is combining its new jersey cosmetics manufacturing facility in the personal care product line of the color segment into its existing color segment facility in missouri . in addition , the company is centralizing certain flavors & extracts segment support functions in europe into one location . in the asia pacific segment , the company incurred costs in connection with the elimination of certain selling and administrative positions . story_separator_special_tag the company believes that this information can be beneficial to investors for the same purposes . these non-gaap measures may not be comparable to similarly titled measures used by other companies . replace_table_token_7_th divestiture & other related costs are discussed under “ divestitures ” above and note 14 , divestitures , in the notes to the consolidated financial statements included in this report . note : earnings per share calculations may not foot due to rounding differences . 28 index the following table summarizes the percentage change in the 2019 results compared to the 2018 results in the respective financial measures . replace_table_token_8_th ( 1 ) for revenue , adjustments consist of revenues of the product lines divested or to be divested . for operating income and diluted earnings per share , adjustments consist of the results of the product lines divested or to be divested , divestitures & other related costs , and the impact of the 2017 tax legislation . note : refer to table above for a reconciliation of these non-gaap measures . segment information the company determines its operating segments based on information utilized by its chief operating decision maker to allocate resources and assess performance . segment performance is evaluated on operating income before any applicable divestiture & other related costs , share-based compensation , acquisition , restructuring and other costs ( which are reported in corporate & other ) , interest expense , and income taxes . the company 's discussion below regarding its operating segments has been updated to reflect the company 's disaggregation of revenue , which was adopted in the first quarter of 2018 , as summarized in part iv , item i , note 12 , segment and geographic information , of this report . the company 's reportable segments consist of the flavors & extracts , color , and asia pacific segments . flavors & extracts flavors & extracts segment revenue was $ 700.4 and $ 746.9 million in 2019 and 2018 , respectively . foreign exchange rates decreased segment revenue by approximately 1 % in 2019. segment revenue was lower than the prior year due to lower revenue in flavors , extracts & flavor ingredients , fragrances , natural ingredients , and yogurt fruit preparations . the lower revenues in flavors , extracts & flavor ingredients and fragrances was primarily a result of unfavorable volumes and exchange rates , partially offset by higher selling prices . the lower revenue in natural ingredients was primarily a result of unfavorable volumes and lower selling prices . the lower revenue in yogurt fruit preparations was primarily a result of unfavorable volumes . flavors & extracts segment operating income was $ 75.0 million in 2019 and $ 96.4 million in 2018 , a decrease of approximately 22 % . foreign exchange rates decreased segment operating income by approximately 1 % . the lower segment operating income was primarily a result of lower operating income in flavors , extracts & flavor ingredients and fragrances . the lower operating income in flavors , extracts & flavor ingredients and fragrances was primarily a result of lower volumes , higher manufacturing and other costs , and higher raw materials costs , partially offset by higher selling prices and a favorable product mix . segment operating income as a percent of revenue was 10.7 % and 12.9 % for 2019 and 2018 , respectively . 29 index color segment revenue for the color segment was $ 535.2 million in 2019 and $ 554.0 million in 2018 , a decrease of approximately 3 % . foreign exchange rates decreased segment revenue by approximately 3 % . the lower segment revenue was primarily a result of lower revenue in personal care and inks , partially offset by higher revenue in food & pharmaceutical colors . the lower revenue in personal care was primarily a result of lower volumes and unfavorable exchange rates . the lower revenue in inks was primarily a result of lower volumes , lower prices , and unfavorable foreign exchange rates . the higher revenue in food & pharmaceutical colors was primarily a result of higher volumes , the additional revenue from the sensient natural extraction inc . and globenatural acquisitions , and higher selling prices , partially offset by unfavorable exchange rates . the additional revenue from the sensient natural extraction inc . and globenatural acquisitions represent less than 1 % of total segment revenue . segment operating income for the color segment was $ 101.2 million in 2019 and $ 113.3 million in 2018 , a decrease of approximately 11 % . foreign exchange rates decreased segment operating income by approximately 3 % . the lower segment operating income was primarily a result of lower operating income in food & pharmaceutical colors and personal care . the lower segment operating income in food & pharmaceutical colors was primarily due to higher raw material costs , higher manufacturing and other costs , higher operating costs related to the sensient natural extraction inc . acquisition , and unfavorable exchange rates , partially offset by favorable volumes and product mix and higher selling prices . the lower segment operating income in personal care was primarily a result of lower volumes and the unfavorable impact of exchange rates , partially offset by higher selling prices . segment operating income as a percent of revenue was 18.9 % in 2019 compared to 20.5 % in 2018. asia pacific segment revenue for the asia pacific segment was $ 118.2 million and $ 123.2 million for 2019 and 2018 , respectively . foreign exchange rates had a minimal impact on segment revenues . segment revenue was slightly lower than prior year as lower volumes were partially offset by higher selling prices . segment operating income for the asia pacific segment was $ 19.4 million in 2019 and $ 20.9 million in 2018 , a decrease of approximately 7 % compared to the prior year . foreign exchange rates increased segment operating

cash flows from operating activities net cash provided by operating activities was $ 218.8 million and $ 177.2 million in 2020 and 2019 , respectively . operating cash flow provided the primary source of funds for operating needs , capital expenditures , and shareholder dividends . the increase in net cash provided by operating activities in 2020 is primarily due to favorable working capital changes . cash flows from investing activities net cash used in investing activities was $ 33.4 million and $ 37.4 million in 2020 and 2019 , respectively . capital expenditures were $ 52.2 million in 2020 and $ 39.1 million in 2019. in 2020 , the company received $ 12.6 million of proceeds from the divestitures of the inks product line and the yogurt fruit preparations product line . cash flows from financing activities net cash used in financing activities was $ 184.2 million in 2020 and $ 150.6 million in 2019. the company had a net decrease in debt of $ 117.7 million and $ 87.4 million in 2020 and 2019 , respectively . the company has paid uninterrupted quarterly cash dividends since commencing public trading in its stock in 1962. dividends paid per share were $ 1.56 in 2020 and $ 1.47 in 2019. total dividends paid were $ 66.1 million and $ 62.2 million in 2020 and 2019 , respectively . 30 index issuer purchases of equity securities sensient purchased 1.1 million shares of company stock in 2018 for a total cost of $ 76.7 million . there were no shares of company stock purchased in 2020 or 2019. in october 2017 , the board of directors authorized the repurchase of up to three million shares . as of december 31 , 2020 , 2.2 million shares were available to be repurchased under the existing authorization . the company 's share repurchase program has no expiration date . these authorizations may be modified , suspended , or discontinued by the board of directors at any time .


 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 from operating activities net cash provided by operating activities was $ 218.8 million and $ 177.2 million in 2020 and 2019 , respectively . operating cash flow provided the primary source of funds for operating needs , capital expenditures , and shareholder dividends . the increase in net cash provided by operating activities in 2020 is primarily due to favorable working capital changes . cash flows from investing activities net cash used in investing activities was $ 33.4 million and $ 37.4 million in 2020 and 2019 , respectively . capital expenditures were $ 52.2 million in 2020 and $ 39.1 million in 2019. in 2020 , the company received $ 12.6 million of proceeds from the divestitures of the inks product line and the yogurt fruit preparations product line . cash flows from financing activities net cash used in financing activities was $ 184.2 million in 2020 and $ 150.6 million in 2019. the company had a net decrease in debt of $ 117.7 million and $ 87.4 million in 2020 and 2019 , respectively . the company has paid uninterrupted quarterly cash dividends since commencing public trading in its stock in 1962. dividends paid per share were $ 1.56 in 2020 and $ 1.47 in 2019. total dividends paid were $ 66.1 million and $ 62.2 million in 2020 and 2019 , respectively . 30 index issuer purchases of equity securities sensient purchased 1.1 million shares of company stock in 2018 for a total cost of $ 76.7 million . there were no shares of company stock purchased in 2020 or 2019. in october 2017 , the board of directors authorized the repurchase of up to three million shares . as of december 31 , 2020 , 2.2 million shares were available to be repurchased under the existing authorization . the company 's share repurchase program has no expiration date . these authorizations may be modified , suspended , or discontinued by the board of directors at any time .
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 Suspicious Activity Report : 21 index results of operations 2020 vs. 2019 revenue sensient 's revenue was approximately $ 1.3 billion in both 2020 and 2019. gross profit the company 's gross margin was 31.8 % in 2020 and 31.4 % in 2019. the increase in gross margin is primarily a result of lower divestiture & other related costs in 2020. selling and administrative expenses selling and administrative expense as a percent of revenue was 20.4 % in 2020 and 22.2 % in 2019. selling and administrative expenses in 2020 included divestiture & other related expenses , operational improvement plan costs , and the one-time covid-19 employee payment totaling $ 15.7 million and in 2019 included divestiture & other related costs totaling $ 35.3 million . these expenses increased selling and administrative expense as a percent of revenue by approximately 120 and 270 basis points in 2020 and 2019 , respectively . see divestitures below for further information . operating income operating income was $ 152.7 million in 2020 and $ 121.1 million in 2019. operating margins were 11.5 % in 2020 and 9.2 % in 2019. divestiture & other related costs , operational improvement plan costs , and the one-time covid-19 employee payment reduced operating margins by approximately 140 basis points in 2020 and divestiture & other related expenses reduced operating margins by approximately 350 basis points in 2019. additional information on segment results can be found in the segment information section . interest expense interest expense was $ 14.8 million in 2020 and $ 20.1 million in 2019. the decrease in expense was primarily due to a decrease in the average interest rate and the average debt outstanding . income taxes the effective income tax rate was 20.6 % in 2020 and 18.8 % in 2019. the effective tax rates in both 2020 and 2019 were impacted by changes in estimates associated with the finalization of prior year foreign and domestic tax items , audit settlements , mix of foreign earnings , costs related to the divestiture & other related costs and the release of valuation allowances related to the foreign tax credit carryover and foreign net operating losses . see note 11 , income taxes , in the notes to consolidated financial statements included in this report for additional information . replace_table_token_3_th the 2021 effective income tax rate is estimated to be between 24 % and 25 % , before any divestiture & other related costs and discrete items , such as finalization of prior year foreign and domestic tax items , audit settlements , and valuation allowance adjustments . divestitures in october 2019 , the company announced its intent to divest its inks , fragrances ( excluding its essential oils product line ) , and yogurt fruit preparations product lines . in the fourth quarter of 2019 , the board of directors approved the sale of the inks product line , which was within the color segment , and the fragrances product line ( excluding its essential oils product line ) , which is within the flavors & extracts segment . in the second quarter of 2020 , the board of directors approved the sale of the yogurt fruit preparations product line , which was within the flavors & extracts segment . on june 30 , 2020 , the company completed the sale of its inks product line . in 2020 , the company received $ 11.6 million of net cash for the sale of the product line and expects to receive additional cash when it completes certain post-closing asset sales . on september 18 , 2020 , the company completed the sale of its yogurt fruit preparations product line for $ 1.0 million . the sale included an earn-out agreement based on future performance , which could result in additional cash consideration for the company . on november 23 , 2020 , the company announced it had entered into a definitive agreement to sell its fragrances product line ( excluding its essential oils product line ) . the company expects the transaction to close in the first half of 2021 . 22 index divestiture & other related costs were $ 12.2 million and $ 45.9 million in 2020 and 2019 , respectively . see note 14 , divestitures , in the notes to consolidated financial statements included in this report for additional information . as of december 31 , 2020 , the company currently estimates 2021 divestiture charges will be $ 10 million to $ 14 million . the company is expecting a non-cash charge of $ 8 million to $ 10 million upon closing the sale of the fragrances product line ( excluding its essential oils product line ) related to the reclassification of accumulated foreign currency translation and related items from accumulated other comprehensive loss to selling and administrative expenses in the consolidated statement of earnings . in addition , the company expects other costs , primarily accelerated depreciation and other exiting activities expenses , to be between $ 2 million and $ 4 million . the company anticipates that it will complete the sales and exit activities of these product lines in 2021. operational improvement plan in the third quarter of 2020 , the company approved an operational improvement plan to consolidate manufacturing facilities and improve efficiencies within the company . as part of the operational improvement plan , the company is combining its new jersey cosmetics manufacturing facility in the personal care product line of the color segment into its existing color segment facility in missouri . in addition , the company is centralizing certain flavors & extracts segment support functions in europe into one location . in the asia pacific segment , the company incurred costs in connection with the elimination of certain selling and administrative positions . story_separator_special_tag the company believes that this information can be beneficial to investors for the same purposes . these non-gaap measures may not be comparable to similarly titled measures used by other companies . replace_table_token_7_th divestiture & other related costs are discussed under “ divestitures ” above and note 14 , divestitures , in the notes to the consolidated financial statements included in this report . note : earnings per share calculations may not foot due to rounding differences . 28 index the following table summarizes the percentage change in the 2019 results compared to the 2018 results in the respective financial measures . replace_table_token_8_th ( 1 ) for revenue , adjustments consist of revenues of the product lines divested or to be divested . for operating income and diluted earnings per share , adjustments consist of the results of the product lines divested or to be divested , divestitures & other related costs , and the impact of the 2017 tax legislation . note : refer to table above for a reconciliation of these non-gaap measures . segment information the company determines its operating segments based on information utilized by its chief operating decision maker to allocate resources and assess performance . segment performance is evaluated on operating income before any applicable divestiture & other related costs , share-based compensation , acquisition , restructuring and other costs ( which are reported in corporate & other ) , interest expense , and income taxes . the company 's discussion below regarding its operating segments has been updated to reflect the company 's disaggregation of revenue , which was adopted in the first quarter of 2018 , as summarized in part iv , item i , note 12 , segment and geographic information , of this report . the company 's reportable segments consist of the flavors & extracts , color , and asia pacific segments . flavors & extracts flavors & extracts segment revenue was $ 700.4 and $ 746.9 million in 2019 and 2018 , respectively . foreign exchange rates decreased segment revenue by approximately 1 % in 2019. segment revenue was lower than the prior year due to lower revenue in flavors , extracts & flavor ingredients , fragrances , natural ingredients , and yogurt fruit preparations . the lower revenues in flavors , extracts & flavor ingredients and fragrances was primarily a result of unfavorable volumes and exchange rates , partially offset by higher selling prices . the lower revenue in natural ingredients was primarily a result of unfavorable volumes and lower selling prices . the lower revenue in yogurt fruit preparations was primarily a result of unfavorable volumes . flavors & extracts segment operating income was $ 75.0 million in 2019 and $ 96.4 million in 2018 , a decrease of approximately 22 % . foreign exchange rates decreased segment operating income by approximately 1 % . the lower segment operating income was primarily a result of lower operating income in flavors , extracts & flavor ingredients and fragrances . the lower operating income in flavors , extracts & flavor ingredients and fragrances was primarily a result of lower volumes , higher manufacturing and other costs , and higher raw materials costs , partially offset by higher selling prices and a favorable product mix . segment operating income as a percent of revenue was 10.7 % and 12.9 % for 2019 and 2018 , respectively . 29 index color segment revenue for the color segment was $ 535.2 million in 2019 and $ 554.0 million in 2018 , a decrease of approximately 3 % . foreign exchange rates decreased segment revenue by approximately 3 % . the lower segment revenue was primarily a result of lower revenue in personal care and inks , partially offset by higher revenue in food & pharmaceutical colors . the lower revenue in personal care was primarily a result of lower volumes and unfavorable exchange rates . the lower revenue in inks was primarily a result of lower volumes , lower prices , and unfavorable foreign exchange rates . the higher revenue in food & pharmaceutical colors was primarily a result of higher volumes , the additional revenue from the sensient natural extraction inc . and globenatural acquisitions , and higher selling prices , partially offset by unfavorable exchange rates . the additional revenue from the sensient natural extraction inc . and globenatural acquisitions represent less than 1 % of total segment revenue . segment operating income for the color segment was $ 101.2 million in 2019 and $ 113.3 million in 2018 , a decrease of approximately 11 % . foreign exchange rates decreased segment operating income by approximately 3 % . the lower segment operating income was primarily a result of lower operating income in food & pharmaceutical colors and personal care . the lower segment operating income in food & pharmaceutical colors was primarily due to higher raw material costs , higher manufacturing and other costs , higher operating costs related to the sensient natural extraction inc . acquisition , and unfavorable exchange rates , partially offset by favorable volumes and product mix and higher selling prices . the lower segment operating income in personal care was primarily a result of lower volumes and the unfavorable impact of exchange rates , partially offset by higher selling prices . segment operating income as a percent of revenue was 18.9 % in 2019 compared to 20.5 % in 2018. asia pacific segment revenue for the asia pacific segment was $ 118.2 million and $ 123.2 million for 2019 and 2018 , respectively . foreign exchange rates had a minimal impact on segment revenues . segment revenue was slightly lower than prior year as lower volumes were partially offset by higher selling prices . segment operating income for the asia pacific segment was $ 19.4 million in 2019 and $ 20.9 million in 2018 , a decrease of approximately 7 % compared to the prior year . foreign exchange rates increased segment operating

