the wind down of business ; and interest expense of $ 0.7 million in 2019 related to an uncertain tax position related to legislation changes . excluding the aforementioned items , non-gaap net income attributable to shareholders decreased to $ 609.7 million in 2020 compared with $ 636.5 million in the year-earlier period . net income in 2020 also included charges of approximately $ 32.7 million , net of tax , primarily related to foreign tax and other loss contingencies within the global ecs business . 23 impact of the covid-19 pandemic on march 10 , 2020 , the world health organization declared the outbreak of the covid-19 coronavirus to be a pandemic . covid-19 has caused substantial disruption to travel , business activities , and global supply chains , significant volatility in global financial markets , and has resulted in a dramatic increase in unemployment , particularly in the u.s. to date , the company has experienced some limitations in employee resources resulting from travel restrictions and “ stay at home ” orders . despite these restrictions , the company continues to efficiently manage the global supply chain requirements of our customers and suppliers . throughout 2020 , the company experienced strong demand for solutions that enable business continuity and work from home capabilities . management is actively monitoring the impact of the global situation on its financial condition , liquidity , operations , suppliers , industry and workforce . the extent to which covid-19 will continue to impact the company 's results will depend primarily on future developments , including the severity and duration of the crisis , the speed and effectiveness of vaccine and treatment developments and deployment , potential mutations of covid-19 , and the impact of actions taken and that will be taken to contain covid-19 or treat its impact , among others . these future developments are highly uncertain and can not be predicted with confidence . the global economic impact from covid-19 may adversely affect the company 's results of operations in the future and may affect the credit condition of some of our customers , which could increase delays in customer payments and credit losses . certain non-gaap financial information in addition to disclosing financial results that are determined in accordance with accounting principles generally accepted in the united states ( “ gaap ” ) , the company also discloses certain non-gaap financial information , including : non-gaap sales for the consolidated company , global components , and global ecs , non-gaap gross profit , and non-gaap operating expenses exclude the impact of changes in foreign currencies ( referred to as `` changes in foreign currencies `` ) by re-translating prior period results at current period foreign exchange rates , the impact of dispositions by adjusting the company 's operating results for businesses disposed , as if the dispositions had occurred at the beginning of the earliest period presented ( referred to as `` dispositions `` ) , the impact of the company 's personal computer and mobility asset disposition business ( referred to as `` wind down `` ) , the impact of inventory write-downs and recoveries related to the digital business ( referred to as “ digital inventory write-downs , net ” ) , and the impact of notes receivable reserves and recoveries and inventory write-downs related to the afs business ( referred to as “ afs notes receivable reserves and recoveries ” and “ afs inventory write-downs ” , respectively ) . non-gaap operating income excludes identifiable intangible asset amortization , restructuring , integration , and other charges ( credits ) , loss on disposition of businesses , net , afs notes receivable reserves and recoveries and inventory write-downs , digital inventory write-downs , net , the impact of non-cash charges related to goodwill , trade names , and long-lived assets , and the impact of wind down . non-gaap net income attributable to shareholders excludes identifiable intangible asset amortization , restructuring , integration , and other charges ( credits ) , loss on disposition of businesses , net , afs notes receivable reserves and recoveries and inventory write-downs , digital inventory write-downs , net , gains and losses on investments , net , the impact of non-cash charges related to goodwill , trade names , and long-lived assets , certain tax adjustments , pension settlement ( gain ) loss , and the impact of wind down . management believes that providing this additional information is useful to the reader , as a supplement to the gaap measures , to better assess and understand the company 's operating performance , especially when comparing results with previous periods . management typically monitors these non-gaap measures in addition to gaap results to understand and compare operating results across accounting periods for forecasting purposes , operating plans , and evaluating our financial performance . however , analysis of results on a non-gaap basis should be used as a complement to , and in conjunction with , data presented in accordance with gaap . 24 sales substantially all of the company 's sales are made on an order-by-order basis , rather than through long-term sales contracts . as such , the nature of the company 's business does not provide for the visibility of material forward-looking information from its customers and suppliers beyond a few months . following is an analysis of net sales by reportable segment for the years ended december 31 ( in millions ) : replace_table_token_5_th * the sum of the components for sales , as reported , and non-gaap sales may not agree to totals , as presented , due to rounding . consolidated sales for 2020 decreased by $ 243.5 million , or 0.8 % , compared with the year-earlier period . story_separator_special_tag million and was primarily due to earnings from operations adjusted for non-cash items and a reduction in working capital . the change in cash provided by operating activities during 2020 , compared to the year earlier period , relates primarily to the timing of payments , slowing growth in customer demand in certain regions , and a corresponding reduction in working capital , including inventory , which is consistent with the company 's historical counter-cyclical cash flow in which the company generates strong cash flow in periods of decreased demand . sales of accounts receivables under the emea asset securitization program , entered into by the company in the first quarter of 2020 , was another contributor to the reduction in working capital and corresponding increase in operating net cash inflow . during 2020 , sales of accounts receivables under the emea asset securitization program resulted in a $ 397.9 million operating net cash inflow ( see note 5 ) . working capital , as a percentage of sales , which the company defines as accounts receivable , net , plus inventory , net , less accounts payable , divided by annualized sales , was 13.5 % and 16.7 % in 2020 and 2019 , respectively . story_separator_special_tag “ april 2020 swaps ” ) which locked in an average swap rate of 0.97 % on a total aggregate notional amount of $ 300.0 million and expire in december 2024. the april 2020 swaps were designated as cash flow hedges managing the risk of variability in interest rates of future expected debt issuance by december 2025 . 31 in may 2020 , the company entered into a series of ten-year forward-starting interest rate swaps ( the “ may 2020 swaps ” ) which locked in an average swap rate of 0.90 % on a total aggregate notional amount of $ 300.0 million and expire in june 2022. the may 2020 swaps were designated as cash flow hedges managing the risk of variability in interest rates of future expected debt issuance by june 2023. in the normal course of business , certain of the company 's subsidiaries have agreements to sell , without recourse , selected trade receivables to financial institutions . the company does not retain financial or legal interests in these receivables , and , accordingly , they are accounted for as sales of the related receivables and the receivables are removed from the company 's consolidated balance sheets . the global economic impact from covid-19 may adversely affect the company 's ability to access capital markets . management believes that the company 's current cash availability , its current borrowing capacity under its revolving credit facility and asset securitization programs , and its expected ability to generate future operating cash flows are sufficient to meet its projected cash flow needs for the foreseeable future . the company 's current committed and undrawn liquidity stands at over $ 3.2 billion in addition to $ 373.6 million of cash on hand at december 31 , 2020. the company also may issue debt or equity securities in the future and management believes the company will have adequate access to the capital markets , if needed . the company continually evaluates its liquidity requirements and would seek to amend its existing borrowing capacity or access the financial markets as deemed necessary . contractual obligations payments due under contractual obligations at december 31 , 2020 are as follows ( in thousands ) : replace_table_token_10_th ( a ) amounts represent an estimate of non-cancelable inventory purchase orders and other contractual obligations related to information technology and facilities as of december 31 , 2020 . ( b ) includes amounts relating to the tax act transition tax payable , personnel and certain other costs resulting from restructuring and integration activities , and other miscellaneous contractual obligations . under the terms of various joint venture agreements , the company is required to pay its pro-rata share of the third party debt of the joint ventures in the event that the joint ventures are unable to meet their obligations . there were no outstanding borrowings under the third party debt agreements of the joint ventures as of december 31 , 2020. at december 31 , 2020 , the company had a liability for unrecognized tax positions of $ 62.2 million . the timing of the resolution of these uncertain tax positions is dependent on the tax authorities ' income tax examination processes . material changes are not expected ; however , it is possible that the amount of unrecognized tax benefits with respect to uncertain tax positions could increase or decrease during 2021. currently , the company is unable to make a reasonable estimate of when tax cash settlement would occur and how it would impact the effective tax rate . 32 share-repurchase programs the following table shows the company 's board of directors ( the “ board ” ) approved share-repurchase programs as of december 31 , 2020 ( in thousands ) : replace_table_token_11_th off-balance sheet arrangements during the first quarter of 2020 , the company entered into an emea asset securitization program under which it will continuously sell its interest in designated pools of trade accounts receivables of certain of its subsidiaries in the emea region , at a discount , to a special purpose entity , which in turn sells certain of the receivables to unaffiliated financial institutions and conduits administered by such unaffiliated financial institutions ( `` unaffiliated financial institutions `` ) on a monthly basis . the company may sell up to 400.0 million under the emea asset securitization program , which matures in january 2023 , subject to extension in accordance with its terms . the program is conducted through arrow emea funding corp b.v. , an entity structured to be bankruptcy remote . the company is deemed the primary beneficiary of arrow emea funding corp b.v. as the company has both the power to direct the activities that most significantly impact

cash flows from investing activities the net amount of cash used for investing activities during 2020 was $ 138.8 million . the primary use of cash for investing activities included $ 123.6 million for capital expenditures which primarily related to the build out of the company 's distribution centers and investments in internally developed software . the net amount of cash used for investing activities during 2019 was $ 173.6 million . the primary use of cash for investing activities included $ 143.2 million for capital expenditures , $ 13.1 million of cash payments related to the disposition of businesses , and $ 7.6 million related to the acquisition of a customer relationship intangible asset . capital expenditures for 2019 are primarily related to investments in internally developed software and website functionality related to the digital business and the build out of a new distribution center within the emea region . cash flows from financing activities the net amount of cash used for financing activities during 2020 was $ 1.2 billion . the uses of cash from financing activities included $ 483.7 million of repurchases of common stock , $ 411.5 million of net payments for long-term borrowings , $ 209.4 million of repayments of the principal amount of the company 's 6.00 % notes due april 2020 , $ 95.0 million of net payments for short-term borrowings , and $ 48.4 million of payments upon the settlement of forward starting interest rate swaps . the primary source of cash from financing activities during 2020 was $ 21.0 million of proceeds from the exercise of stock options . 30 the net amount of cash used for financing activities during 2019 was $ 906.4 million . the uses of cash from financing activities included $ 405.0 million of net payments for long-term borrowings , $ 404.2 million of repurchases of common stock , and $ 113.9 million of net payments for short-term borrowings . the primary source of cash from financing activities during 2019 was $ 16.9 million of proceeds from the exercise of stock options .


 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 investing activities the net amount of cash used for investing activities during 2020 was $ 138.8 million . the primary use of cash for investing activities included $ 123.6 million for capital expenditures which primarily related to the build out of the company 's distribution centers and investments in internally developed software . the net amount of cash used for investing activities during 2019 was $ 173.6 million . the primary use of cash for investing activities included $ 143.2 million for capital expenditures , $ 13.1 million of cash payments related to the disposition of businesses , and $ 7.6 million related to the acquisition of a customer relationship intangible asset . capital expenditures for 2019 are primarily related to investments in internally developed software and website functionality related to the digital business and the build out of a new distribution center within the emea region . cash flows from financing activities the net amount of cash used for financing activities during 2020 was $ 1.2 billion . the uses of cash from financing activities included $ 483.7 million of repurchases of common stock , $ 411.5 million of net payments for long-term borrowings , $ 209.4 million of repayments of the principal amount of the company 's 6.00 % notes due april 2020 , $ 95.0 million of net payments for short-term borrowings , and $ 48.4 million of payments upon the settlement of forward starting interest rate swaps . the primary source of cash from financing activities during 2020 was $ 21.0 million of proceeds from the exercise of stock options . 30 the net amount of cash used for financing activities during 2019 was $ 906.4 million . the uses of cash from financing activities included $ 405.0 million of net payments for long-term borrowings , $ 404.2 million of repurchases of common stock , and $ 113.9 million of net payments for short-term borrowings . the primary source of cash from financing activities during 2019 was $ 16.9 million of proceeds from the exercise of stock options .
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 Suspicious Activity Report : the wind down of business ; and interest expense of $ 0.7 million in 2019 related to an uncertain tax position related to legislation changes . excluding the aforementioned items , non-gaap net income attributable to shareholders decreased to $ 609.7 million in 2020 compared with $ 636.5 million in the year-earlier period . net income in 2020 also included charges of approximately $ 32.7 million , net of tax , primarily related to foreign tax and other loss contingencies within the global ecs business . 23 impact of the covid-19 pandemic on march 10 , 2020 , the world health organization declared the outbreak of the covid-19 coronavirus to be a pandemic . covid-19 has caused substantial disruption to travel , business activities , and global supply chains , significant volatility in global financial markets , and has resulted in a dramatic increase in unemployment , particularly in the u.s. to date , the company has experienced some limitations in employee resources resulting from travel restrictions and “ stay at home ” orders . despite these restrictions , the company continues to efficiently manage the global supply chain requirements of our customers and suppliers . throughout 2020 , the company experienced strong demand for solutions that enable business continuity and work from home capabilities . management is actively monitoring the impact of the global situation on its financial condition , liquidity , operations , suppliers , industry and workforce . the extent to which covid-19 will continue to impact the company 's results will depend primarily on future developments , including the severity and duration of the crisis , the speed and effectiveness of vaccine and treatment developments and deployment , potential mutations of covid-19 , and the impact of actions taken and that will be taken to contain covid-19 or treat its impact , among others . these future developments are highly uncertain and can not be predicted with confidence . the global economic impact from covid-19 may adversely affect the company 's results of operations in the future and may affect the credit condition of some of our customers , which could increase delays in customer payments and credit losses . certain non-gaap financial information in addition to disclosing financial results that are determined in accordance with accounting principles generally accepted in the united states ( “ gaap ” ) , the company also discloses certain non-gaap financial information , including : non-gaap sales for the consolidated company , global components , and global ecs , non-gaap gross profit , and non-gaap operating expenses exclude the impact of changes in foreign currencies ( referred to as `` changes in foreign currencies `` ) by re-translating prior period results at current period foreign exchange rates , the impact of dispositions by adjusting the company 's operating results for businesses disposed , as if the dispositions had occurred at the beginning of the earliest period presented ( referred to as `` dispositions `` ) , the impact of the company 's personal computer and mobility asset disposition business ( referred to as `` wind down `` ) , the impact of inventory write-downs and recoveries related to the digital business ( referred to as “ digital inventory write-downs , net ” ) , and the impact of notes receivable reserves and recoveries and inventory write-downs related to the afs business ( referred to as “ afs notes receivable reserves and recoveries ” and “ afs inventory write-downs ” , respectively ) . non-gaap operating income excludes identifiable intangible asset amortization , restructuring , integration , and other charges ( credits ) , loss on disposition of businesses , net , afs notes receivable reserves and recoveries and inventory write-downs , digital inventory write-downs , net , the impact of non-cash charges related to goodwill , trade names , and long-lived assets , and the impact of wind down . non-gaap net income attributable to shareholders excludes identifiable intangible asset amortization , restructuring , integration , and other charges ( credits ) , loss on disposition of businesses , net , afs notes receivable reserves and recoveries and inventory write-downs , digital inventory write-downs , net , gains and losses on investments , net , the impact of non-cash charges related to goodwill , trade names , and long-lived assets , certain tax adjustments , pension settlement ( gain ) loss , and the impact of wind down . management believes that providing this additional information is useful to the reader , as a supplement to the gaap measures , to better assess and understand the company 's operating performance , especially when comparing results with previous periods . management typically monitors these non-gaap measures in addition to gaap results to understand and compare operating results across accounting periods for forecasting purposes , operating plans , and evaluating our financial performance . however , analysis of results on a non-gaap basis should be used as a complement to , and in conjunction with , data presented in accordance with gaap . 24 sales substantially all of the company 's sales are made on an order-by-order basis , rather than through long-term sales contracts . as such , the nature of the company 's business does not provide for the visibility of material forward-looking information from its customers and suppliers beyond a few months . following is an analysis of net sales by reportable segment for the years ended december 31 ( in millions ) : replace_table_token_5_th * the sum of the components for sales , as reported , and non-gaap sales may not agree to totals , as presented , due to rounding . consolidated sales for 2020 decreased by $ 243.5 million , or 0.8 % , compared with the year-earlier period . story_separator_special_tag million and was primarily due to earnings from operations adjusted for non-cash items and a reduction in working capital . the change in cash provided by operating activities during 2020 , compared to the year earlier period , relates primarily to the timing of payments , slowing growth in customer demand in certain regions , and a corresponding reduction in working capital , including inventory , which is consistent with the company 's historical counter-cyclical cash flow in which the company generates strong cash flow in periods of decreased demand . sales of accounts receivables under the emea asset securitization program , entered into by the company in the first quarter of 2020 , was another contributor to the reduction in working capital and corresponding increase in operating net cash inflow . during 2020 , sales of accounts receivables under the emea asset securitization program resulted in a $ 397.9 million operating net cash inflow ( see note 5 ) . working capital , as a percentage of sales , which the company defines as accounts receivable , net , plus inventory , net , less accounts payable , divided by annualized sales , was 13.5 % and 16.7 % in 2020 and 2019 , respectively . story_separator_special_tag “ april 2020 swaps ” ) which locked in an average swap rate of 0.97 % on a total aggregate notional amount of $ 300.0 million and expire in december 2024. the april 2020 swaps were designated as cash flow hedges managing the risk of variability in interest rates of future expected debt issuance by december 2025 . 31 in may 2020 , the company entered into a series of ten-year forward-starting interest rate swaps ( the “ may 2020 swaps ” ) which locked in an average swap rate of 0.90 % on a total aggregate notional amount of $ 300.0 million and expire in june 2022. the may 2020 swaps were designated as cash flow hedges managing the risk of variability in interest rates of future expected debt issuance by june 2023. in the normal course of business , certain of the company 's subsidiaries have agreements to sell , without recourse , selected trade receivables to financial institutions . the company does not retain financial or legal interests in these receivables , and , accordingly , they are accounted for as sales of the related receivables and the receivables are removed from the company 's consolidated balance sheets . the global economic impact from covid-19 may adversely affect the company 's ability to access capital markets . management believes that the company 's current cash availability , its current borrowing capacity under its revolving credit facility and asset securitization programs , and its expected ability to generate future operating cash flows are sufficient to meet its projected cash flow needs for the foreseeable future . the company 's current committed and undrawn liquidity stands at over $ 3.2 billion in addition to $ 373.6 million of cash on hand at december 31 , 2020. the company also may issue debt or equity securities in the future and management believes the company will have adequate access to the capital markets , if needed . the company continually evaluates its liquidity requirements and would seek to amend its existing borrowing capacity or access the financial markets as deemed necessary . contractual obligations payments due under contractual obligations at december 31 , 2020 are as follows ( in thousands ) : replace_table_token_10_th ( a ) amounts represent an estimate of non-cancelable inventory purchase orders and other contractual obligations related to information technology and facilities as of december 31 , 2020 . ( b ) includes amounts relating to the tax act transition tax payable , personnel and certain other costs resulting from restructuring and integration activities , and other miscellaneous contractual obligations . under the terms of various joint venture agreements , the company is required to pay its pro-rata share of the third party debt of the joint ventures in the event that the joint ventures are unable to meet their obligations . there were no outstanding borrowings under the third party debt agreements of the joint ventures as of december 31 , 2020. at december 31 , 2020 , the company had a liability for unrecognized tax positions of $ 62.2 million . the timing of the resolution of these uncertain tax positions is dependent on the tax authorities ' income tax examination processes . material changes are not expected ; however , it is possible that the amount of unrecognized tax benefits with respect to uncertain tax positions could increase or decrease during 2021. currently , the company is unable to make a reasonable estimate of when tax cash settlement would occur and how it would impact the effective tax rate . 32 share-repurchase programs the following table shows the company 's board of directors ( the “ board ” ) approved share-repurchase programs as of december 31 , 2020 ( in thousands ) : replace_table_token_11_th off-balance sheet arrangements during the first quarter of 2020 , the company entered into an emea asset securitization program under which it will continuously sell its interest in designated pools of trade accounts receivables of certain of its subsidiaries in the emea region , at a discount , to a special purpose entity , which in turn sells certain of the receivables to unaffiliated financial institutions and conduits administered by such unaffiliated financial institutions ( `` unaffiliated financial institutions `` ) on a monthly basis . the company may sell up to 400.0 million under the emea asset securitization program , which matures in january 2023 , subject to extension in accordance with its terms . the program is conducted through arrow emea funding corp b.v. , an entity structured to be bankruptcy remote . the company is deemed the primary beneficiary of arrow emea funding corp b.v. as the company has both the power to direct the activities that most significantly impact

