( adults only ) playa 1957 ; 1970 ; 1980 ; 2010 250 jewel paradise cove beach resort & spa runaway bay , jamaica curio by hilton ( adults only ) playa 2013 225 jewel grande montego bay resort & spa ( 5 ) montego bay , jamaica jewel ( all ages ) playa 2016 ; 2017 88 total rooms owned 7,456 managed resorts sanctuary cap cana ( 4 ) punta cana , dominican republic sanctuary ( adults-only ) playa 2008 ; 2015 ; 2018 323 jewel grande montego bay resort & spa ( 5 ) montego bay , jamaica sagicor ( condo-hotel ) playa 2016 ; 2017 129 total rooms operated 452 total rooms owned and operated 7,908 ( 1 ) pursuant to an agreement with panama jack , we rebranded these resorts as panama jack resorts in 2017 . ( 2 ) pursuant to an agreement with hilton , we rebranded these resorts as hilton all-inclusive resorts in november 2018. the resorts are still owned and operated by playa . ( 3 ) effective november 20 , 2018 , this resort was rebranded into two resorts under the brand . we have planned renovations for 2019 . ( 4 ) owned by a third party . ( 5 ) we acquired an 88-unit tower and spa as part of our acquisition of the sagicor assets . additionally , we manage the majority of the units within the remaining two condo-hotel towers owned by sagicor that comprise the jewel grande montego bay resort & spa . 46 results of operations years ended december 31 , 2018 and 2017 the following table summarizes our results of operations on a consolidated basis for the years ended december 31 , 2018 and 2017 ( $ in thousands ) : replace_table_token_4_th the tables below set forth information with respect to our occupancy , net package adr , net package revpar , net package revenue , net non-package revenue , management fee revenue , total net revenue , adjusted ebitda and adjusted ebitda margin . for a description of these operating metrics and non-u.s. gaap measures , see “ key indicators of financial and operating performance , ” below . for discussions of adjusted ebitda and reconciliation to the most comparable u.s. gaap financial measures , see “ key indicators of financial and operating performance ” and “ non-u.s. gaap financial measures , ” below . our comparable resorts for the years ended december 31 , 2018 and 2017 exclude the following : hilton rose hall resort & spa , jewel runaway bay beach & golf resort , jewel dunn 's river beach resort & spa , and jewel paradise cove beach resort & spa , which we purchased on june 1 , 2018 . 47 total portfolio replace_table_token_5_th comparable portfolio replace_table_token_6_th total revenue and total net revenue our total revenue for the year ended december 31 , 2018 increased $ 57.5 million , or 10.3 % , compared to the year ended december 31 , 2017 . our total net revenue for the year ended december 31 , 2018 increased $ 52.4 million , or 9.6 % , compared to the year ended december 31 , 2017 . this increase was driven primarily by an increase in net package revenue of $ 46.4 million , or 9.9 % , and an increase in net non-package revenue of $ 5.4 million , or 7.0 % . the sagicor assets contributed $ 50.8 million in total net revenue . 48 the following table shows a reconciliation of comparable net package revenue , net non-package revenue and management fee revenue to total revenue for the years ended december 31 , 2018 and 2017 ( $ in thousands ) : replace_table_token_7_th direct expenses the following table shows a reconciliation of our direct expenses to net direct expenses for the years ended december 31 , 2018 and 2017 ( $ in thousands ) : replace_table_token_8_th our direct expenses include resort expenses , such as food and beverage , salaries and wages , utilities and other ongoing operational expenses . our net direct expenses for the year ended december 31 , 2018 were $ 322.7 million , or 53.9 % , of total net revenue and $ 296.7 million , or 54.3 % , of total net revenue for the year ended december 31 , 2017 . net direct expenses for the year ended december 31 , 2018 increased $ 25.9 million , or 8.7 % , compared to the year ended december 31 , 2017 . net direct expenses increased primarily due to the acquisition of the sagicor assets , which accounted for $ 33.9 million of the change , which was offset by the $ 8.0 million decrease in net direct expenses as shown in the comparable portfolio table below . direct operating expenses fluctuate based on various factors , including changes in occupancy , labor costs , utilities , repair and maintenance costs and license and property taxes . management fees and franchise fees , which are computed as a percentage of revenue , increase as a result of higher revenues . 49 net direct expenses consists of the following ( $ in thousands ) : total portfolio replace_table_token_9_th comparable portfolio replace_table_token_10_th selling , general and administrative expenses our selling , general and administrative expenses for the year ended december 31 , 2018 increased $ 7.8 million , or 7.2 % , compared to the year ended december 31 , 2017 . this increase was primarily driven by an increase in share-based compensation of 50 $ 2.4 million and the acquisition of the sagicor assets , which accounted for an additional $ 2.5 million in advertising expense , $ 0.4 million in commissions expense , $ 1.3 million in insurance expense and $ 2.3 million in other selling , general and administrative expense . these increases were partially offset by other miscellaneous decreases in selling , general and administrative expense among the comparable portfolio . story_separator_special_tag although net package revpar does not include this additional revenue , it generally is considered the key performance measure in the all-inclusive segment of the lodging industry to identify trend information with respect to net room revenue produced by our portfolio or comparable portfolio , as applicable , and to evaluate operating performance on a consolidated basis or a regional basis , as applicable . 56 ebitda , adjusted ebitda , owned resort ebitda , adjusted ebitda margin and owned resort ebitda margin we define ebitda , a non-u.s. gaap financial measure , as net income ( loss ) , determined in accordance with u.s. gaap , for the period presented , before interest expense , income tax and depreciation and amortization expense . we define adjusted ebitda , a non-u.s. gaap financial measure , as ebitda further adjusted to exclude the following items : other income ( expense ) pre-opening expense transaction expenses severance expense other tax expense gain on property damage insurance proceeds share-based compensation loss on extinguishment of debt non-service cost components of net periodic pension cost ( benefit ) other items which may include , but are not limited to the following : management contract termination fees ; gains or losses from legal settlements ; repairs from hurricanes and tropical storms ; impairment losses and jamaica delayed opening accrual reversals . we believe that adjusted ebitda is useful to investors for two principal reasons . first , we believe adjusted ebitda assists investors in comparing our performance over various reporting periods on a consistent basis by removing from our operating results the impact of items that do not reflect our core operating performance . for example , changes in foreign exchange rates ( which are the principal driver of changes in other expense , net ) , and expenses related to capital raising , strategic initiatives and other corporate initiatives , such as expansion into new markets ( which are the principal drivers of changes in transaction expenses ) , are not indicative of the operating performance of our resorts . the other adjustments included in our definition of adjusted ebitda relate to items that occur infrequently and therefore would obstruct the comparability of our operating results over reporting periods . for example , revenue from insurance policies , other than business interruption insurance policies , is infrequent in nature , and we believe excluding these expense and revenue items permits investors to better evaluate the core operating performance of our resorts over time . the second principal reason that we believe adjusted ebitda is useful to investors is that it is considered a key performance indicator by our board of directors ( our “ board ” ) and management . in addition , the compensation committee of our board determines the annual variable compensation for certain members of our management based , in part , on consolidated adjusted ebitda . we believe that adjusted ebitda is useful to investors because it provides investors with information utilized by our board and management to assess our performance and may ( subject to the limitations described below ) enable investors to compare the performance of our portfolio to our competitors . we define owned resort ebitda as adjusted ebitda before corporate expenses and management fee revenue . ebitda , adjusted ebitda and owned resort ebitda are not a substitute for net income ( loss ) or any other measure determined in accordance with u.s. gaap . there are limitations to the utility of non-u.s. gaap financial measures , such as adjusted ebitda . for example , other companies in our industry may define adjusted ebitda differently than we do . as a result , it may be difficult to use adjusted ebitda or similarly named non-u.s. gaap financial measures that other companies publish to compare the performance of those companies to our performance . because of these limitations , ebitda , adjusted ebitda , and owned resort ebitda should not be considered as a measure of the income or loss generated by our business or discretionary cash available for investment in our business , and investors should carefully consider our u.s. gaap results presented . for a reconciliation of ebitda , adjusted ebitda and owned resort ebitda to net income ( loss ) as computed under u.s. gaap , see “ non-u.s. gaap financial measures . ” “ adjusted ebitda margin ” represents adjusted ebitda as a percentage of total net revenue . “ owned resort ebitda margin ” represents owned resort ebitda as a percentage of owned net revenue . we believe these margins provide our investors a useful measurement of operating profitability for the same reasons we find adjusted ebitda and owned resort ebitda useful . comparable non-u.s. gaap measures we believe that presenting adjusted ebitda , total net revenue , net package revenue and net non-package revenue on a comparable basis is useful to investors because these measures include only the results of resorts owned and in operation for the 57 entirety of the periods presented and thereby eliminate disparities in results due to the acquisition or disposition of resorts or the impact of resort closures or re-openings in connection with redevelopment or renovation projects . as a result , we believe these measures provide more consistent metrics for comparing the performance of our operating resorts . we calculate comparable adjusted ebitda , comparable total net revenue , comparable net package revenue and comparable net non-package revenue as the total amount of each respective measure less amounts attributable to non-comparable resorts , by which we mean resorts that were not owned or in operation during some or all of the relevant reporting period . for the year ended december 31 , 2018 compared to the year ended december 31 , 2017 , our non-comparable resorts were : hilton rose hall resort & spa , jewel runaway bay beach & golf resort , jewel dunn 's river beach resort & spa , and jewel paradise cove

net cash provided by operating activities our net cash from operating activities is generated primarily from operating income from our resorts . for the years ended december 31 , 2018 , 2017 and 2016 , our net cash provided by operating activities totaled $ 114.4 million , $ 64.2 million and $ 76.2 million , respectively . net income of $ 19.0 million for the year ended december 31 , 2018 included significant non-cash expenses , including $ 73.3 million of depreciation and amortization , $ 6.1 million of share-based compensation and a $ 12.5 million loss on the fair value of our interest rate swaps , offset by changes in our assets and liabilities through the normal course of operations . net loss of $ 0.2 million for the year ended december 31 , 2017 included $ 3.8 million of share-based compensation and a $ 25.1 million loss on extinguishment of debt , offset by changes in our assets and liabilities through the normal course of operations . net income of $ 20.2 million for the year ended december 31 , 2016 included $ 3.1 million of amortization of debt discount , premium and issuance costs and $ 13.2 million of deferred income taxes , offset by changes in our assets and liabilities through the normal course of operations . net cash used in investing activities for the years ended december 31 , 2018 , 2017 and 2016 , our net cash used in investing activities was $ 204.6 million , $ 109.8 million and $ 19.0 million , respectively .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash provided by operating activities our net cash from operating activities is generated primarily from operating income from our resorts . for the years ended december 31 , 2018 , 2017 and 2016 , our net cash provided by operating activities totaled $ 114.4 million , $ 64.2 million and $ 76.2 million , respectively . net income of $ 19.0 million for the year ended december 31 , 2018 included significant non-cash expenses , including $ 73.3 million of depreciation and amortization , $ 6.1 million of share-based compensation and a $ 12.5 million loss on the fair value of our interest rate swaps , offset by changes in our assets and liabilities through the normal course of operations . net loss of $ 0.2 million for the year ended december 31 , 2017 included $ 3.8 million of share-based compensation and a $ 25.1 million loss on extinguishment of debt , offset by changes in our assets and liabilities through the normal course of operations . net income of $ 20.2 million for the year ended december 31 , 2016 included $ 3.1 million of amortization of debt discount , premium and issuance costs and $ 13.2 million of deferred income taxes , offset by changes in our assets and liabilities through the normal course of operations . net cash used in investing activities for the years ended december 31 , 2018 , 2017 and 2016 , our net cash used in investing activities was $ 204.6 million , $ 109.8 million and $ 19.0 million , respectively .
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 Suspicious Activity Report : ( adults only ) playa 1957 ; 1970 ; 1980 ; 2010 250 jewel paradise cove beach resort & spa runaway bay , jamaica curio by hilton ( adults only ) playa 2013 225 jewel grande montego bay resort & spa ( 5 ) montego bay , jamaica jewel ( all ages ) playa 2016 ; 2017 88 total rooms owned 7,456 managed resorts sanctuary cap cana ( 4 ) punta cana , dominican republic sanctuary ( adults-only ) playa 2008 ; 2015 ; 2018 323 jewel grande montego bay resort & spa ( 5 ) montego bay , jamaica sagicor ( condo-hotel ) playa 2016 ; 2017 129 total rooms operated 452 total rooms owned and operated 7,908 ( 1 ) pursuant to an agreement with panama jack , we rebranded these resorts as panama jack resorts in 2017 . ( 2 ) pursuant to an agreement with hilton , we rebranded these resorts as hilton all-inclusive resorts in november 2018. the resorts are still owned and operated by playa . ( 3 ) effective november 20 , 2018 , this resort was rebranded into two resorts under the brand . we have planned renovations for 2019 . ( 4 ) owned by a third party . ( 5 ) we acquired an 88-unit tower and spa as part of our acquisition of the sagicor assets . additionally , we manage the majority of the units within the remaining two condo-hotel towers owned by sagicor that comprise the jewel grande montego bay resort & spa . 46 results of operations years ended december 31 , 2018 and 2017 the following table summarizes our results of operations on a consolidated basis for the years ended december 31 , 2018 and 2017 ( $ in thousands ) : replace_table_token_4_th the tables below set forth information with respect to our occupancy , net package adr , net package revpar , net package revenue , net non-package revenue , management fee revenue , total net revenue , adjusted ebitda and adjusted ebitda margin . for a description of these operating metrics and non-u.s. gaap measures , see “ key indicators of financial and operating performance , ” below . for discussions of adjusted ebitda and reconciliation to the most comparable u.s. gaap financial measures , see “ key indicators of financial and operating performance ” and “ non-u.s. gaap financial measures , ” below . our comparable resorts for the years ended december 31 , 2018 and 2017 exclude the following : hilton rose hall resort & spa , jewel runaway bay beach & golf resort , jewel dunn 's river beach resort & spa , and jewel paradise cove beach resort & spa , which we purchased on june 1 , 2018 . 47 total portfolio replace_table_token_5_th comparable portfolio replace_table_token_6_th total revenue and total net revenue our total revenue for the year ended december 31 , 2018 increased $ 57.5 million , or 10.3 % , compared to the year ended december 31 , 2017 . our total net revenue for the year ended december 31 , 2018 increased $ 52.4 million , or 9.6 % , compared to the year ended december 31 , 2017 . this increase was driven primarily by an increase in net package revenue of $ 46.4 million , or 9.9 % , and an increase in net non-package revenue of $ 5.4 million , or 7.0 % . the sagicor assets contributed $ 50.8 million in total net revenue . 48 the following table shows a reconciliation of comparable net package revenue , net non-package revenue and management fee revenue to total revenue for the years ended december 31 , 2018 and 2017 ( $ in thousands ) : replace_table_token_7_th direct expenses the following table shows a reconciliation of our direct expenses to net direct expenses for the years ended december 31 , 2018 and 2017 ( $ in thousands ) : replace_table_token_8_th our direct expenses include resort expenses , such as food and beverage , salaries and wages , utilities and other ongoing operational expenses . our net direct expenses for the year ended december 31 , 2018 were $ 322.7 million , or 53.9 % , of total net revenue and $ 296.7 million , or 54.3 % , of total net revenue for the year ended december 31 , 2017 . net direct expenses for the year ended december 31 , 2018 increased $ 25.9 million , or 8.7 % , compared to the year ended december 31 , 2017 . net direct expenses increased primarily due to the acquisition of the sagicor assets , which accounted for $ 33.9 million of the change , which was offset by the $ 8.0 million decrease in net direct expenses as shown in the comparable portfolio table below . direct operating expenses fluctuate based on various factors , including changes in occupancy , labor costs , utilities , repair and maintenance costs and license and property taxes . management fees and franchise fees , which are computed as a percentage of revenue , increase as a result of higher revenues . 49 net direct expenses consists of the following ( $ in thousands ) : total portfolio replace_table_token_9_th comparable portfolio replace_table_token_10_th selling , general and administrative expenses our selling , general and administrative expenses for the year ended december 31 , 2018 increased $ 7.8 million , or 7.2 % , compared to the year ended december 31 , 2017 . this increase was primarily driven by an increase in share-based compensation of 50 $ 2.4 million and the acquisition of the sagicor assets , which accounted for an additional $ 2.5 million in advertising expense , $ 0.4 million in commissions expense , $ 1.3 million in insurance expense and $ 2.3 million in other selling , general and administrative expense . these increases were partially offset by other miscellaneous decreases in selling , general and administrative expense among the comparable portfolio . story_separator_special_tag although net package revpar does not include this additional revenue , it generally is considered the key performance measure in the all-inclusive segment of the lodging industry to identify trend information with respect to net room revenue produced by our portfolio or comparable portfolio , as applicable , and to evaluate operating performance on a consolidated basis or a regional basis , as applicable . 56 ebitda , adjusted ebitda , owned resort ebitda , adjusted ebitda margin and owned resort ebitda margin we define ebitda , a non-u.s. gaap financial measure , as net income ( loss ) , determined in accordance with u.s. gaap , for the period presented , before interest expense , income tax and depreciation and amortization expense . we define adjusted ebitda , a non-u.s. gaap financial measure , as ebitda further adjusted to exclude the following items : other income ( expense ) pre-opening expense transaction expenses severance expense other tax expense gain on property damage insurance proceeds share-based compensation loss on extinguishment of debt non-service cost components of net periodic pension cost ( benefit ) other items which may include , but are not limited to the following : management contract termination fees ; gains or losses from legal settlements ; repairs from hurricanes and tropical storms ; impairment losses and jamaica delayed opening accrual reversals . we believe that adjusted ebitda is useful to investors for two principal reasons . first , we believe adjusted ebitda assists investors in comparing our performance over various reporting periods on a consistent basis by removing from our operating results the impact of items that do not reflect our core operating performance . for example , changes in foreign exchange rates ( which are the principal driver of changes in other expense , net ) , and expenses related to capital raising , strategic initiatives and other corporate initiatives , such as expansion into new markets ( which are the principal drivers of changes in transaction expenses ) , are not indicative of the operating performance of our resorts . the other adjustments included in our definition of adjusted ebitda relate to items that occur infrequently and therefore would obstruct the comparability of our operating results over reporting periods . for example , revenue from insurance policies , other than business interruption insurance policies , is infrequent in nature , and we believe excluding these expense and revenue items permits investors to better evaluate the core operating performance of our resorts over time . the second principal reason that we believe adjusted ebitda is useful to investors is that it is considered a key performance indicator by our board of directors ( our “ board ” ) and management . in addition , the compensation committee of our board determines the annual variable compensation for certain members of our management based , in part , on consolidated adjusted ebitda . we believe that adjusted ebitda is useful to investors because it provides investors with information utilized by our board and management to assess our performance and may ( subject to the limitations described below ) enable investors to compare the performance of our portfolio to our competitors . we define owned resort ebitda as adjusted ebitda before corporate expenses and management fee revenue . ebitda , adjusted ebitda and owned resort ebitda are not a substitute for net income ( loss ) or any other measure determined in accordance with u.s. gaap . there are limitations to the utility of non-u.s. gaap financial measures , such as adjusted ebitda . for example , other companies in our industry may define adjusted ebitda differently than we do . as a result , it may be difficult to use adjusted ebitda or similarly named non-u.s. gaap financial measures that other companies publish to compare the performance of those companies to our performance . because of these limitations , ebitda , adjusted ebitda , and owned resort ebitda should not be considered as a measure of the income or loss generated by our business or discretionary cash available for investment in our business , and investors should carefully consider our u.s. gaap results presented . for a reconciliation of ebitda , adjusted ebitda and owned resort ebitda to net income ( loss ) as computed under u.s. gaap , see “ non-u.s. gaap financial measures . ” “ adjusted ebitda margin ” represents adjusted ebitda as a percentage of total net revenue . “ owned resort ebitda margin ” represents owned resort ebitda as a percentage of owned net revenue . we believe these margins provide our investors a useful measurement of operating profitability for the same reasons we find adjusted ebitda and owned resort ebitda useful . comparable non-u.s. gaap measures we believe that presenting adjusted ebitda , total net revenue , net package revenue and net non-package revenue on a comparable basis is useful to investors because these measures include only the results of resorts owned and in operation for the 57 entirety of the periods presented and thereby eliminate disparities in results due to the acquisition or disposition of resorts or the impact of resort closures or re-openings in connection with redevelopment or renovation projects . as a result , we believe these measures provide more consistent metrics for comparing the performance of our operating resorts . we calculate comparable adjusted ebitda , comparable total net revenue , comparable net package revenue and comparable net non-package revenue as the total amount of each respective measure less amounts attributable to non-comparable resorts , by which we mean resorts that were not owned or in operation during some or all of the relevant reporting period . for the year ended december 31 , 2018 compared to the year ended december 31 , 2017 , our non-comparable resorts were : hilton rose hall resort & spa , jewel runaway bay beach & golf resort , jewel dunn 's river beach resort & spa , and jewel paradise cove

