results of operations 2015 compared to 2014 consolidated results net sales for 2015 were $ 5.70 billion , a 5 % decrease as reported , and a 2 % increase in constant currency , as compared to $ 6.02 billion in 2014. net income for 2015 was $ 369.4 million , or $ 1.08 per diluted share , as compared to net income of $ 498.9 million , or $ 1.45 per diluted share , in 2014. adjusted earnings per share , including discrete tax items , in 2015 was $ 1.31 , compared to adjusted earnings per share , including discrete tax items , of $ 1.71 in 2014. adjusted earnings per share , including discrete tax items , in 2015 was negatively impacted by unfavorable foreign exchange and lower gross profit , partially offset by funding our future savings . the following table provides a summary of mattel 's consolidated results for 2015 and 2014 ( in millions , except percentage and basis point information ) : replace_table_token_5_th sales net sales for 2015 were $ 5.70 billion , a 5 % decrease as reported , and a 2 % increase in constant currency , as compared to $ 6.02 billion in 2014 . 23 the following table provides a summary of mattel 's consolidated gross sales by brand for 2015 and 2014 : replace_table_token_6_th gross sales were $ 6.28 billion in 2015 , a decrease of $ 434.8 million or 6 % as reported , and an increase of 1 % in constant currency , as compared to 2014. the decrease in gross sales in constant currency was primarily due to lower sales of other girls products , partially offset by higher sales of wheels products . of the 17 % decrease in other girls gross sales in constant currency , 16 % was due to lower sales of monster high products . of the 21 % increase in wheels gross sales in constant currency , 20 % was due to higher sales of hot wheels products . cost of sales cost of sales as a percentage of net sales was 50.8 % in 2015 , as compared to 50.2 % in 2014. cost of sales decreased by $ 126.5 million , or 4 % , from $ 3.02 billion in 2014 to $ 2.90 billion in 2015 , as compared to a 5 % decrease in net sales . within cost of sales , product and other costs decreased by $ 145.0 million , or 6 % , from $ 2.44 billion in 2014 to $ 2.30 billion in 2015 ; royalty expenses increased $ 22.2 million , or 9 % , from $ 242.4 million in 2014 to $ 264.6 million in 2015 ; and freight and logistics expenses decreased by $ 3.7 million , or 1 % , from $ 337.1 million in 2014 to $ 333.4 million in 2015. gross margin gross margin decreased from 49.8 % in 2014 to 49.2 % in 2015. adjusted gross margin decreased from 50.1 % in 2014 to 49.2 % in 2015. the decrease in adjusted gross margin was due to unfavorable foreign exchange , higher product-related costs , unfavorable product mix , and higher royalty expenses , partially offset by price increases and funding our future savings . advertising and promotion expenses advertising and promotion expenses primarily consist of : ( i ) media costs , which primarily include the media , planning , and buying fees for television , print , and online advertisements , ( ii ) non-media costs , which primarily include commercial and website production , merchandising , and promotional costs , ( iii ) retail advertising costs , which primarily include consumer direct catalogs , newspaper inserts , fliers , and mailers and ( iv ) generic advertising costs , which primarily include trade show costs . advertising and promotion expenses as a percentage of net sales increased from 12.2 % in 2014 to 12.6 % in 2015 , primarily as a result of mattel 's investments to support core brands throughout the year . other selling and administrative expenses other selling and administrative expenses , as reported , decreased from $ 1.61 billion , or 26.8 % of net sales , in 2014 to $ 1.55 billion , or 27.1 % of net sales , in 2015. adjusted other selling and administrative expenses decreased from $ 1.52 billion , or 25.2 % of net sales , in 2014 to $ 1.45 billion , or 25.4 % of net sales , in 2015. the decrease in adjusted other selling and administrative expenses was primarily due to funding our future savings of approximately $ 70 million . 24 non-operating items interest expense increased $ 6.0 million from $ 79.3 million in 2014 to $ 85.3 million in 2015 , primarily due to higher average outstanding long-term borrowings . provision for income taxes mattel 's effective tax rate on income before income taxes in 2015 was 20.4 % , as compared to 15.0 % in 2014. the 2015 and 2014 income tax provisions included net tax benefits of $ 19.1 million and $ 42.6 million , respectively . the 2015 net tax benefits primarily relate to reassessments of prior years ' tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes . the 2014 net tax benefits primarily relate to reassessments of prior year 's tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes , partially offset by a tax charge related to a 2014 tax restructuring for the hit entertainment and mega brands operations . story_separator_special_tag cost savings programs during 2013 , mattel initiated operational excellence 3.0 , which targeted cumulative gross cost savings of approximately $ 175 million by the end of 2014. mattel exceeded its operational excellence 3.0 goal by realizing approximately $ 179 million of cumulative gross cost savings throughout the program . the cost savings program was designed to generate sustainable cost savings through the following primary initiatives : manufacturing efficiencies through automation , lean manufacturing principles , design for manufacturing , enterprise quality , and packaging optimization ; indirect procurement ; and operational efficiencies related to enhanced international clustering and realignment of north america operations . during 2013 , mattel realized gross cost savings before severance charges and investments of approximately $ 60 million ( or approximately $ 39 million in net cost savings ) . of the gross cost savings realized in 2013 , approximately $ 51 million was reflected within gross profit , approximately $ 8 million within other selling and administrative expenses , and approximately $ 1 million within advertising and promotion expenses . during 2014 , mattel realized gross cost savings before severance charges and investments of approximately $ 119 million ( or approximately $ 74 million in net cost savings ) . of the gross cost savings realized in 2014 , approximately $ 77 million was reflected within gross profit , approximately $ 35 million within other selling and administrative expenses , and approximately $ 7 million within advertising and promotion expenses . beginning in 2015 , mattel initiated the next phase of its cost savings program , funding our future , which targets additional cumulative gross cost savings of approximately $ 250 million to $ 300 million by the end of 2016. the cost savings program is designed to generate cost savings through various initiatives , including structural and process improvements and supply chain optimization . during 2015 , mattel realized gross cost savings before severance charges and investments of approximately $ 153 million ( or approximately $ 92 million in net cost savings ) . of the gross cost savings realized in 2015 , approximately $ 70 million was 31 reflected within gross profit , approximately $ 73 million within other selling and administrative expenses , and approximately $ 10 million within advertising and promotion expenses . income taxes mattel 's effective tax rate on income before income taxes in 2015 was 20.4 % , as compared to 15.0 % in 2014. the 2015 income tax provision included net tax benefits of $ 19.1 million , primarily related to reassessments of prior years ' tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes . mattel 's effective tax rate on income before income taxes in 2014 and 2013 was 15.0 % and 17.8 % , respectively . the 2014 income tax provision included net tax benefits of $ 42.6 million , primarily related to reassessments of prior years ' tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes , partially offset by a tax charge related to a 2014 tax restructuring for the hit entertainment and mega brands operations . the 2013 income tax provision included net tax benefits of $ 32.2 million , primarily related to reassessments of prior years ' tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes . story_separator_special_tag o return excess funds to stockholders through dividends and share repurchases . over the long term , assuming annual cash flows from operating activities remain strong , mattel plans to use its free cash flows to invest in strategic acquisitions and to return funds to stockholders through cash dividends and share repurchases . mattel 's share repurchase program has no expiration date and repurchases will take place from time to time , depending on market conditions . the ability to successfully implement the capital deployment plan is directly dependent on mattel 's ability to generate strong annual cash flows from operating activities . there is no assurance that mattel will continue to generate strong annual cash flows from operating activities or achieve its targeted goals for investing activities . operating activities cash flows from operating activities were $ 734.6 million during 2015 , as compared to $ 888.6 million during 2014 and $ 698.4 million during 2013. the decrease in cash flows from operating activities in 2015 from 2014 was primarily due to higher working capital usage and lower net income . the increase in cash flows from operating activities in 2014 from 2013 was primarily due to lower working capital usage , partially offset by lower net income . investing activities cash flows used for investing activities were $ 282.5 million during 2015 , as compared to $ 708.6 million during 2014 and $ 242.1 million during 2013. the decrease in cash flows used for investing activities in 2015 from 2014 was primarily due to the acquisition of mega brands in 2014. the increase in cash flows used for investing activities in 2014 from 2013 was primarily due to the acquisition of mega brands . financing activities cash flows used for financing activities were $ 500.2 million during 2015 , as compared to $ 227.3 million during 2014 and $ 740.0 million during 2013. the increase in cash flows used for financing activities in 2015 from 2014 was primarily due to prior year net proceeds from long-term borrowings and lower proceeds from stock option exercises , partially offset by lower share repurchases . the decrease in cash flows used for financing activities in 2014 from 2013 was primarily due to lower repayments of long-term borrowings and lower share repurchases , partially offset by lower proceeds from stock option exercises . during 2015 , mattel did not repurchase any shares of its common

liquidity and capital resources mattel 's primary sources of liquidity are its cash and equivalents balances , access to short-term borrowing facilities , including its $ 1.60 billion domestic unsecured committed revolving credit facility ( “ credit facility ” ) , and issuances of long-term debt securities . cash flows from operating activities could be negatively impacted by decreased demand for mattel 's products , which could result from factors such as adverse economic conditions and changes in public and consumer preferences , or by increased costs associated with manufacturing and distribution of products or shortages in raw materials or component parts . additionally , mattel 's ability to issue long-term debt and obtain seasonal financing could be adversely affected by factors such as global economic crises and tight credit environments , an inability to meet its debt covenant requirements , which include maintaining consolidated debt-to-earnings before interest , taxes , depreciation , and amortization ( “ ebitda ” ) and interest coverage ratios , or a deterioration of mattel 's credit ratings . mattel 's ability to conduct its operations could be negatively impacted should these or other adverse conditions affect its primary sources of liquidity . of mattel 's $ 892.8 million in cash and equivalents as of december 31 , 2015 , approximately $ 742 million is held by foreign subsidiaries . mattel may need to accrue and pay additional income taxes if some or all of the undistributed earnings of foreign subsidiaries were repatriated . mattel does not intend nor foresee a need to repatriate undistributed earnings of foreign subsidiaries . mattel has several liquidity options to fund its domestic operations and obligations , including investing and financing activities such as dividends , share repurchases , and debt service .


 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 mattel 's primary sources of liquidity are its cash and equivalents balances , access to short-term borrowing facilities , including its $ 1.60 billion domestic unsecured committed revolving credit facility ( “ credit facility ” ) , and issuances of long-term debt securities . cash flows from operating activities could be negatively impacted by decreased demand for mattel 's products , which could result from factors such as adverse economic conditions and changes in public and consumer preferences , or by increased costs associated with manufacturing and distribution of products or shortages in raw materials or component parts . additionally , mattel 's ability to issue long-term debt and obtain seasonal financing could be adversely affected by factors such as global economic crises and tight credit environments , an inability to meet its debt covenant requirements , which include maintaining consolidated debt-to-earnings before interest , taxes , depreciation , and amortization ( “ ebitda ” ) and interest coverage ratios , or a deterioration of mattel 's credit ratings . mattel 's ability to conduct its operations could be negatively impacted should these or other adverse conditions affect its primary sources of liquidity . of mattel 's $ 892.8 million in cash and equivalents as of december 31 , 2015 , approximately $ 742 million is held by foreign subsidiaries . mattel may need to accrue and pay additional income taxes if some or all of the undistributed earnings of foreign subsidiaries were repatriated . mattel does not intend nor foresee a need to repatriate undistributed earnings of foreign subsidiaries . mattel has several liquidity options to fund its domestic operations and obligations , including investing and financing activities such as dividends , share repurchases , and debt service .
```    
 Suspicious Activity Report : results of operations 2015 compared to 2014 consolidated results net sales for 2015 were $ 5.70 billion , a 5 % decrease as reported , and a 2 % increase in constant currency , as compared to $ 6.02 billion in 2014. net income for 2015 was $ 369.4 million , or $ 1.08 per diluted share , as compared to net income of $ 498.9 million , or $ 1.45 per diluted share , in 2014. adjusted earnings per share , including discrete tax items , in 2015 was $ 1.31 , compared to adjusted earnings per share , including discrete tax items , of $ 1.71 in 2014. adjusted earnings per share , including discrete tax items , in 2015 was negatively impacted by unfavorable foreign exchange and lower gross profit , partially offset by funding our future savings . the following table provides a summary of mattel 's consolidated results for 2015 and 2014 ( in millions , except percentage and basis point information ) : replace_table_token_5_th sales net sales for 2015 were $ 5.70 billion , a 5 % decrease as reported , and a 2 % increase in constant currency , as compared to $ 6.02 billion in 2014 . 23 the following table provides a summary of mattel 's consolidated gross sales by brand for 2015 and 2014 : replace_table_token_6_th gross sales were $ 6.28 billion in 2015 , a decrease of $ 434.8 million or 6 % as reported , and an increase of 1 % in constant currency , as compared to 2014. the decrease in gross sales in constant currency was primarily due to lower sales of other girls products , partially offset by higher sales of wheels products . of the 17 % decrease in other girls gross sales in constant currency , 16 % was due to lower sales of monster high products . of the 21 % increase in wheels gross sales in constant currency , 20 % was due to higher sales of hot wheels products . cost of sales cost of sales as a percentage of net sales was 50.8 % in 2015 , as compared to 50.2 % in 2014. cost of sales decreased by $ 126.5 million , or 4 % , from $ 3.02 billion in 2014 to $ 2.90 billion in 2015 , as compared to a 5 % decrease in net sales . within cost of sales , product and other costs decreased by $ 145.0 million , or 6 % , from $ 2.44 billion in 2014 to $ 2.30 billion in 2015 ; royalty expenses increased $ 22.2 million , or 9 % , from $ 242.4 million in 2014 to $ 264.6 million in 2015 ; and freight and logistics expenses decreased by $ 3.7 million , or 1 % , from $ 337.1 million in 2014 to $ 333.4 million in 2015. gross margin gross margin decreased from 49.8 % in 2014 to 49.2 % in 2015. adjusted gross margin decreased from 50.1 % in 2014 to 49.2 % in 2015. the decrease in adjusted gross margin was due to unfavorable foreign exchange , higher product-related costs , unfavorable product mix , and higher royalty expenses , partially offset by price increases and funding our future savings . advertising and promotion expenses advertising and promotion expenses primarily consist of : ( i ) media costs , which primarily include the media , planning , and buying fees for television , print , and online advertisements , ( ii ) non-media costs , which primarily include commercial and website production , merchandising , and promotional costs , ( iii ) retail advertising costs , which primarily include consumer direct catalogs , newspaper inserts , fliers , and mailers and ( iv ) generic advertising costs , which primarily include trade show costs . advertising and promotion expenses as a percentage of net sales increased from 12.2 % in 2014 to 12.6 % in 2015 , primarily as a result of mattel 's investments to support core brands throughout the year . other selling and administrative expenses other selling and administrative expenses , as reported , decreased from $ 1.61 billion , or 26.8 % of net sales , in 2014 to $ 1.55 billion , or 27.1 % of net sales , in 2015. adjusted other selling and administrative expenses decreased from $ 1.52 billion , or 25.2 % of net sales , in 2014 to $ 1.45 billion , or 25.4 % of net sales , in 2015. the decrease in adjusted other selling and administrative expenses was primarily due to funding our future savings of approximately $ 70 million . 24 non-operating items interest expense increased $ 6.0 million from $ 79.3 million in 2014 to $ 85.3 million in 2015 , primarily due to higher average outstanding long-term borrowings . provision for income taxes mattel 's effective tax rate on income before income taxes in 2015 was 20.4 % , as compared to 15.0 % in 2014. the 2015 and 2014 income tax provisions included net tax benefits of $ 19.1 million and $ 42.6 million , respectively . the 2015 net tax benefits primarily relate to reassessments of prior years ' tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes . the 2014 net tax benefits primarily relate to reassessments of prior year 's tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes , partially offset by a tax charge related to a 2014 tax restructuring for the hit entertainment and mega brands operations . story_separator_special_tag cost savings programs during 2013 , mattel initiated operational excellence 3.0 , which targeted cumulative gross cost savings of approximately $ 175 million by the end of 2014. mattel exceeded its operational excellence 3.0 goal by realizing approximately $ 179 million of cumulative gross cost savings throughout the program . the cost savings program was designed to generate sustainable cost savings through the following primary initiatives : manufacturing efficiencies through automation , lean manufacturing principles , design for manufacturing , enterprise quality , and packaging optimization ; indirect procurement ; and operational efficiencies related to enhanced international clustering and realignment of north america operations . during 2013 , mattel realized gross cost savings before severance charges and investments of approximately $ 60 million ( or approximately $ 39 million in net cost savings ) . of the gross cost savings realized in 2013 , approximately $ 51 million was reflected within gross profit , approximately $ 8 million within other selling and administrative expenses , and approximately $ 1 million within advertising and promotion expenses . during 2014 , mattel realized gross cost savings before severance charges and investments of approximately $ 119 million ( or approximately $ 74 million in net cost savings ) . of the gross cost savings realized in 2014 , approximately $ 77 million was reflected within gross profit , approximately $ 35 million within other selling and administrative expenses , and approximately $ 7 million within advertising and promotion expenses . beginning in 2015 , mattel initiated the next phase of its cost savings program , funding our future , which targets additional cumulative gross cost savings of approximately $ 250 million to $ 300 million by the end of 2016. the cost savings program is designed to generate cost savings through various initiatives , including structural and process improvements and supply chain optimization . during 2015 , mattel realized gross cost savings before severance charges and investments of approximately $ 153 million ( or approximately $ 92 million in net cost savings ) . of the gross cost savings realized in 2015 , approximately $ 70 million was 31 reflected within gross profit , approximately $ 73 million within other selling and administrative expenses , and approximately $ 10 million within advertising and promotion expenses . income taxes mattel 's effective tax rate on income before income taxes in 2015 was 20.4 % , as compared to 15.0 % in 2014. the 2015 income tax provision included net tax benefits of $ 19.1 million , primarily related to reassessments of prior years ' tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes . mattel 's effective tax rate on income before income taxes in 2014 and 2013 was 15.0 % and 17.8 % , respectively . the 2014 income tax provision included net tax benefits of $ 42.6 million , primarily related to reassessments of prior years ' tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes , partially offset by a tax charge related to a 2014 tax restructuring for the hit entertainment and mega brands operations . the 2013 income tax provision included net tax benefits of $ 32.2 million , primarily related to reassessments of prior years ' tax liabilities based on the status of audits and tax filings in various jurisdictions around the world , settlements , and enacted tax law changes . story_separator_special_tag o return excess funds to stockholders through dividends and share repurchases . over the long term , assuming annual cash flows from operating activities remain strong , mattel plans to use its free cash flows to invest in strategic acquisitions and to return funds to stockholders through cash dividends and share repurchases . mattel 's share repurchase program has no expiration date and repurchases will take place from time to time , depending on market conditions . the ability to successfully implement the capital deployment plan is directly dependent on mattel 's ability to generate strong annual cash flows from operating activities . there is no assurance that mattel will continue to generate strong annual cash flows from operating activities or achieve its targeted goals for investing activities . operating activities cash flows from operating activities were $ 734.6 million during 2015 , as compared to $ 888.6 million during 2014 and $ 698.4 million during 2013. the decrease in cash flows from operating activities in 2015 from 2014 was primarily due to higher working capital usage and lower net income . the increase in cash flows from operating activities in 2014 from 2013 was primarily due to lower working capital usage , partially offset by lower net income . investing activities cash flows used for investing activities were $ 282.5 million during 2015 , as compared to $ 708.6 million during 2014 and $ 242.1 million during 2013. the decrease in cash flows used for investing activities in 2015 from 2014 was primarily due to the acquisition of mega brands in 2014. the increase in cash flows used for investing activities in 2014 from 2013 was primarily due to the acquisition of mega brands . financing activities cash flows used for financing activities were $ 500.2 million during 2015 , as compared to $ 227.3 million during 2014 and $ 740.0 million during 2013. the increase in cash flows used for financing activities in 2015 from 2014 was primarily due to prior year net proceeds from long-term borrowings and lower proceeds from stock option exercises , partially offset by lower share repurchases . the decrease in cash flows used for financing activities in 2014 from 2013 was primarily due to lower repayments of long-term borrowings and lower share repurchases , partially offset by lower proceeds from stock option exercises . during 2015 , mattel did not repurchase any shares of its common

