EX-99.17 19 g73863ex99-17.txt CRUISE AMERICA TRAVEL - NOV 2001 OPERATING REPORT EXHIBIT 99.17 DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (EIK) MONTHLY OPERATING REPORT AS OF NOVEMBER 30, 2001 AND FOR THE PERIOD OCTOBER 23, 2001 Through November 30, 2001 In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached Preliminary December Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ Nicholas J. Davison ------------------------------------ Nicholas J. Davison Senior Vice President /s/ Randal L. Talcott ------------------------------------ Randal L. Talcott Vice President - Finance DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (EIK) MONTHLY OPERATING REPORT AS OF NOVEMBER 30, 2001 AND FOR THE PERIOD OCTOBER 23, 2001 THROUGH NOVEMBER 30, 2001 CONTENTS Attachment I Summary of Bank and Investment Accounts Attachment 2 Schedule of Receipts and Disbursements Attachment 3 Bank and Investment Account Statements Attachment 4 Income Statement Attachment 5 Balance Sheet Attachment 6 Summary of Due To/Due From Intercompany Accounts Attachment 7 Accounts Receivable Aging Attachment 8 Accounts Payable Detail Attachment 9 Notes to November Monthly Operating Report
Summary Of Bank And Investment Accounts Attachment 1 Cruise America Travel. Incorporated SUMMARY Case No: 01-10966 (EIK) Unaudited CRUISE AMERICA TRAVEL, INC. For. Period Of 23 October - 30 November, 2001
Balances -------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 10/23/01 As Of 11/30/01 Included Included Reconciled ------- -------------- -------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts
Receipts & Disbursements Attachment 2 Cruise America Travel, Incorporated Summary Case No: 01-10966 (EIK) Cruise America Travel, Inc. For Period Of 23 October - 30 November, 200_1 Attach 2&3
No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Cruise America Travel. Incorporated Summary Case No: 01-10966 (EIK) Cruise America Travel, Inc. For Period Of 23 October - 30 November, 2001 Attach 2&3
No Statements Due To No Concentration Or Investment Accounts Attachment 4 AMCV US SET OF BOOKS INCOME STATEMENT Current Period: NOV-01 currency USD Company=29 (CAT - DQSC)
PTD-Actual NOV-01 ------------- Revenue Gross Revenue 119,783.99 Allowances 0.00 ------------- Net Revenue 119,783.99 Operating Expenses Air 165,029.90 Hotel 18,984.72 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ------------- Total Operating Expenses 184,014.62 ------------- Gross Profit (64,230.63) SG&A Expenses General and Admin Expenses (1,110.86) Sales & Marketing 0.00 Pre-Opening Costs 0.00 ------------- Total SG&A Expenses 1,110.86) ------------- EBITDA (63,119.77) Depreciation 0.00 ------------- Operating Income (63,119.77) Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 ------------- Total Other Expense/(Income) 0.00 ------------- Net Pretax Income/(Loss) (63,119.77) ------------- Income Tax Expense 0.00 ------------- Net Income/(Loss) (63,119.77) -------------
Attachment 4 AMCV US SET OF BOOKS INCOME STATEMENT Current Period: NOV-01 currency USD Company-39 (CAT - DQCV)
PTD-Actual NOV-01 ---------- Revenue Gross Revenue 0.00 Allowances 0.00 -------- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel (931.20) Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 -------- Total Operating Expenses (931.20) -------- Gross Profit 931.20 SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 -------- Total SG&A Expenses 0.00 -------- EBITDA 931.20 Depreciation 0.00 -------- Operating Income 931.20 Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 -------- Total Other Expense/(Income) 0.00 -------- Net Pretax Income/(Loss) 931.20 -------- Income Tax Expense 0.00 -------- Net Income/(Loss) 931.20
Attachment 5 currency USD Company=29 (CAT - DQSC) AMCV US SET OF BOOKS BALANCE SHEET Current Period: NOV-01
YTD-Actual YTD-Actual NOV-01 OCT-01 ------------ ------------------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 19,582.06 Inventories 0.00 0.00 ------------ ------------------- Prepaid Expenses 453, 616.48 Note 2 565, 863 .67 Other Current Assets 0.00 0.00 Total Current Assets 453,616.48 585,445.73 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 ------------ ------------------- Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From 4,592,196.31 4,474,118.72 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 ------------ ------------------- Total Other Assets 4,592,196.31 4,474,118.72 ------------ ------------------- Total Assets 5,045,812.79 5,059,564.45 ------------ -------------------
AMCV US SET OF BOOKS BALANCE SHEET Current Period: NOV-01 currency USD Company=29 (CAT - DQSC)
YTD-Actual YTD-Actual NOV-01 OCT-01 ------------ ------------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 49,368.11 0.00 Deposits 0.00 0.00 ------------ ------------------- Total Current Liabilities 49,368.11 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 1,591,053.16 Note 1 1,591,053.16 ------------ ------------------- Total Liabilities 1,640,421.27- 1,591,053.16 OTHER Liabilities Subject to Compromise 5,731.15 5,731.15 ------------ ------------------- Total Other 5,731.15 5,731.15 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 50,000.00 50,000.00 Current Net Income (Loss) 528,406.83 591,526.60 Retained Earnings 2,821,253.54 2,821,253.54 ------------ ------------------- Total Owner's Equity 3,399,660.37 3,462,780.14 ------------ ------------------- Total Liabilities & Other & 5,045,812.79 5,059,564.45 ------------ -------------------
AMCV US SET OF BOOKS Date: 21-JAN-02 15:10:29 BALANCE SHEET Page: 1 Current Period: NOV-01 currency USD Company=39 (CAT - DQCV)
YTD-Actual YTD-Actual NOV-01 OCT-01 ---------- ---------- ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable securities 0.00 0.00 Accounts Receivable 0.00 48,729.89 Inventories 0.00 0.00 Prepaid Expenses 10,543.86 31,004.21 Other Current Assets 0.00 0.00 ---------- ---------- Total Current Assets 10,543.86 79,734.10 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 ---------- ---------- Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From 143,689.37 73,567.93 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 ---------- ---------- Total Other Assets 143,689.37 73,567.93 ---------- ---------- Total Assets 154,233.23 153,302.03 ---------- ----------
AMCV US SET OF BOOKS BALANCE SHEET Current Period: NOV-01 currency USD Company=39 (CAT - DQCV)
YTD-Actual YTD-Actual NOV-01 OCT-01 ---------- ---------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 ---------- ---------- Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ---------- ---------- Total Liabilities 0.00 0.00 OTHER Liabilities Subject to Compromise 0.00 0.00 ---------- ---------- Total other 0.00 0.00 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 0.00 0.00 Current Net Income (Loss) 154,233.23 153,302.03 Retained Earnings 0.00 0.00 ---------- ---------- Total Owner's Equity 154,233.23 153,302.03 ---------- ---------- Total Liabilities & Other & 154,233.23 153,302.03 ---------- ----------
Attachment 6 Cruise America Travel, Incorporated 01-10966 Summary List of Due To/Due From Accounts For the Period October 22, 2001 through November 30, 2001
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE -------------- ----------- ------------- ------------ ------------ ------------ American Classic Voyages Co. 01-10954 182,033.33 436,307.42 249,653.96 368,686.79 AMCV Cruise Operations, Inc. 01-10967 (3,661,928.67) 388,129.19 431,016.21 (3,704,815.69) The Delta Queen Steamboat Co. 01-10970 27,102.01 -- 215,893.89 (188,791.88) Great AQ Steamboat, L.L.C 01-10960 3,165,198.27 -- -- 3,165,198.27 Great Pacific NW Cruise Line L.L.C 01-10977 674,733.24 -- -- 674,733.24 Great River Cruise Line, L.L.C 01-10963 983,430.47 585,017.82 395,667.00 1,172,781.29 Great Ocean Cruise Line, L.L.C 01-10959 2,952,311.23 -- 2,952,311.23 Cape Cod Light, L.L.C 01-10962 2,706.08 -- 2,706.08 Cape May Light, L.L.C 01-10961 11,238.11 -- -- 11,238.11 Cruise America Travel, Incorporated (Footnote #) 01-10966 79,852.06 -- 79,852.06 Oceanic Ship Co. NIA 6,631.08 -- 6,631.08 Cat II, Inc. (Footnote #) 01-10968 9,226.87 755.22 -- 9,982.09 Ocean Development Co. 01-10972 15,996.19 -- -- 15,996.19 American Hawaiian Properties Corporation 01-10976 1,126.92 -- -- 1,126.92 Great Independence Ship Co. 01-10969 16,321.27 -- 16,321.27 Cat 11, Inc. 01-10968 8,140.26 99.00 -- 8,239.26 ---------------------------------------------------------------- 4,474,118.72 1,410,308.65 1,292,231.06 4,592,196.31 ================================================================ American Classic Voyages Co. 01-10954 (575,916.63) 69,190.24 -- (506,726.39) AMCV Cruise Operations, Inc. 01-10967 (317,202.90) 70,121.44 69,190.24 (316,271.70) The Delta Queen Steamboat Co. 01-10970 (340.16) -- -- (340.16) Cruise America Travel, Incorporated 01-10966 (79,852.06) -- -- (79,852.06) Cape May Light, L.L.C 01-10961 1,041,967.50 -- -- 1,041,967.50 Cat II, Inc. (Footnote # ) 01-10968 2,304.18 -- 2,304.18 Cat II, Inc. 01-10968 2,608.00 -- -- 2,608 00 ---------------------------------------------------------------- 73,567.93 139,311.68 69,190.24 143,689.37 ================================================================
Cruise America Travel, Inc. Monthly Operating Report As of November 30, 2001 And for the Period October 23, 2001 thru November 30, 2001 Attachment 7 Not Applicable Cruise America Travel, Inc. Monthly Operating Report As of November 30, 2001 And for the Period October 23, 2001 thru November 30, 2001 Attachment 8 Not Applicable DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF NOVEMBER 30, 2001 And For the Period October 23, 2001 through November 30, 2001 Attachment Notes to November Monthly Operating Report The information contained herein is unaudited. All assets presented herein continue to be held at historical book values, net of accumulated depreciation or amortization. The Company has not attempted to adjust its books to reflect fair market values of its-assets, nor has it attempted to adjust asset book values to reflect any potential impairments. Liabilities included in these financial statements reflect amounts known by the Company to have been incurred. The Company has listed in prior filings with the United States Trustee potential additional claims it believes may be asserted against the Company. To the best of the Debtor's knowledge and belief, based on currently available information, all Federal income and payroll taxes due and owing have been paid. The accounts of the Debtor contain the accounts of two discrete accounting companies maintained on the Debtor's computer system. Therefore, the Debtor's balance sheet consists of the accounts contained on both Attachments 5-1 and 5-2, and the Debtor's income statement consists of the accounts contained on both Attachments 4-1 and 4-2. 1. Other long-term liabilities consists of deferred tax assets and liabilities, net. Deferred tax. assets and liabilities have been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax bases of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter l proceedings. 2. Amount represents pre-petition pre-paid airline tickets. Amounts representing liabilities to airlines for airline tickets and contained in "liabilities subject to compromise" may be setoff by pre-paid airline tickets.