EX-99.22 24 g73863ex99-22.txt CAT II, INC. - DEC 2001 OPERATING REPORT EXHIBIT 99.22 DEBTOR: CAT II, INC. CASE NUMBER: O1-14968 (EIK) MONTHLY OPERATING REPORT AS OF DECEMBER 31, 2001 AND FOR THE MONTH THEN ENDED CAT II, Inc. (the "Debtor") received the information required to analyze and reconcile the accounts and other information contained in the attached December Monthly Operating Report too late to perform such analyses and reconciliations prior to the report's filing. Accordingly, the accounts and other information contained in the December Monthly Operating Report are subject to adjustment and reconciliation and may change materially once the analyses and reconciliations are performed. Subject to the foregoing possible material modifications and possible revisions, in accordance with title 28, section 1746, of the United States Code, I, declare under penalty of perjury that I have examined the attached December Monthly Operating Report ' (Attachments 1 through 9) and the accompanying attachments 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/ Randall L. Talcott ------------------------------------ Randall L. Talcott Vice President - Finance DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (EIK) MONTHLY OPERATING REPORT AS OF DECEMBER 31, 2001 AND FOR THE MONTH THEN ENDED CONTENTS Attachment 1 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 December Monthly Operating Report
Summary Of Bank And Investment Accounts Attachment 1 CAT 11. Inc. Summary Case No: 01-10968 (EIK) UNAUDITED CAT II, Inc For Month Of December. 2001
Balances -------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 12/01/01 As Of 12/31/01 Included Included Reconciled ------- -------------- -------------- ------------- ---------- ----------- No Bank Or Investment NA NA NA NA NA Accounts
Receipts & Disbursements Attachment 2 CAT II. Inc. Summary Case No: 01-10968 (EIK) CAT II, Inc. For Month Of December, 2001 Attach 2&3
No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 CAT 11, Inc. Summary Case No: 01-10968 (EIK) CAT II, Inc. For Month Of December, 2001 Attach 2&3
No Statements Due To No Concentration Or Investment Accounts Attachment 4-1 AMCV US SET OF BOOKS INCOME STATEMENT Current Period: DEC-O1 currency USD Company=59 (CAT - AHC)
PTD-Actual DEC-O1 ---------- Revenue Gross Revenue (16,601.15) Allowances 0.00 ---------- Net Revenue (16,601.15) Operating Expenses Air (15,575.74) Hotel 0.00 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 (15,575.74) ---------- Gross Profit (1,025.41) SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ---------- Total SG&A Expenses 0.00 ---------- EBITDA (1,025.41) Depreciation 0.00 ---------- Operating Income (1,025.41) 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) (1,025.41) ---------- Income Tax Expense 0.00 ---------- Net Income/(Loss) (1,025.41) ----------
Attachment 4-2 AMCV US SET OF BOOKS INCOME STATEMENT Current Period: DEC-O1 currency USD Company=49 (CAT - USL)
PTO-Actual DEC-O1 --------- Revenue Gross Revenue 0.00 Allowances 0.00 --------- Vet Revenue 0.00 Operating Expenses Air (1,125.01) Hotel 0.00 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 (1,125.01) --------- Gross Profit 1,125.01 G&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 --------- Total SG&A Expenses 0.00 --------- EBITDA 1,125.01 Depreciation 0.00 --------- Operating Income 1,125.01 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) 1,125.01 --------- Income Tax Expense 0.00 --------- Net Income/(Loss) 1,125.01 ---------
Attachment 5-1 AMCV US SET OF BOOKS BALANCE SHEET Current Period: DEC-O1 currency USD Company=59 (CAT - AHC)
YTD-Actual YTD-Actual DEC-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 (763.03) 256,467.70 Inventories 0.00 0.00 Prepaid Expenses 988,519.10 1,904,155.44 Other Current Assets 0.00 0.00 ------------ ------------ Total Current Assets 987,756.07 2,160,623.14 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 3,136,914.11 1,958,103.81 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 3,136,914.11 1,958,103.81 ------------ ------------ Total Assets 4,124,670.18 4,118,726.95 ------------ ------------
Attachment 5-2 AMCV US SET OF BOOKS BALANCE SHEET Current Period: DEC-O1 currency USD Company=59 (CAT - AHC)
YTD-Actual YTD-Actual DEC-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 939,123.43 939,123.43 ------------ ------------ Total Liabilities 939,123.43 939,123.43 OTHER Liabilities Subject to Compromise 0.00 0.00 ------------ ------------ Total Other 0.00 0.00 OWNER'S EQUITY Common Stock 10.00 1.0.00 Add'1 Paid In Capital 2,919,930.15 2,919,930.15 Current Net Income (Loss) (729,646.80) (735,590.03) Retained Earnings 995,253.40 995,253.40 ------------ ------------ Total Owner's Equity 3,185,546.75 3,179,603.52 ------------ ------------ Total Liabilities & Other & 4,124,670.18 4,118,726.95 ------------ ------------
Attachment 5-3 AMCV US SET OF' BOOKS BALANCE SHEET Current Period: DEC-O1 currency USD Company=49 (CAT - USL)
YTD-Actual YTD-Actual DEC-01 OCT-01 ------------ ------------ ASSETS YTD-Actual DEC-O1 YTD-Actual OCT-01 Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable (724.10) 360,876.63 Inventories 0.00 0.00 Prepaid Expenses 1,121,777.49 2,000,988.43 Other Current Assets 0.00 0.00 ------------ ------------ Total Current Assets 1,121,053.39 2,361,865.06 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 (1,068,035.53) (2,308,180.42) 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 (1,068,035.53) (2,308,180.42) ------------ ------------ Total Assets 53,017.86 53,684.64 ------------ ------------
Attachment 5-4 AMCV US SET OF BOOKS BALANCE SHEET Current Period: DEC-O1 currency USD Company=49 (CAT - USL)
YTD-Actual YTD-Actual DEC-01 OCT-01 ---------- ---------- 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 (21,826.60) (21,826.60) ---------- ---------- Total Liabilities 21,826.60) (21,826.60) 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) 108,288.66 108,955.44 Retained Earnings (33,444.20) (33,444.20) ---------- ---------- Total Owner's Equity 74,844.46 75,511.24 ---------- ---------- Total Liabilities & Other & 53,017.86 53,684.64 ---------- ----------
Attachment 6 Summary List of Due To/Due From Accounts For the Period Ending December 31, 2001
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (4,511,935.01) 593,331.28 217,843.54 (4,136,447.27) AMCV Cruise Operations, Inc. 01-10967 (4,385,124.79) -- 187,670.34 (4,572,795.13) The Delta Queen Steamboat Co. 01-10970 100.00 -- -- 100.00 Great River Cruise Line, L.L.C 01-10963 -- -- 1,025.41 (1,025.41) Cruise America Travel, Incorporated 01-10966 (8,239.26) -- (8,239.26) Cape May Light, L.L.C 01-10961 (2,038.56) -- -- (2,038.56) Cruise America Travel, Incorporated (Footnote #) 01-10966 (2,608.00) -- -- (2,608.00) Oceanic Ship Co. N/A 32,723.06 -- -- 32,723.06 Cat II, Inc. (Footnote #) 01-10968 21,395.58 -- -- 21,395.58 Ocean Development Co. 01-10972 641.81 -- -- 641.81 Great Hawaiian Properties Corporation 01-10971 (570.94) -- -- (570.94) American Hawaiian Properties Corporation 01-10976 3,579.11 -- -- 3,579.11 Great Independence Ship Co. 01-10969 11,802,346.18 -- 147.06 11,802,199.12 --------------------------------------------------------------- 2,950,269.18 593,331.28 406,686 35 3,136 914 11 =============================================================== American Classic Voyages Co. 01-10954 (12,183,122.38) 357,230.62 -- (11,825,891.76) AMCV Cruise Operations, Inc. 01-10967 (4,886,226.93) -- 178,960.00 (5,065,186.93) Cruise America Travel, Incorporated 01-10966 (9,982.09) -- -- (9,982.09) Cruise America Travel, Incorporated (Footnote #) 01-10966 (2,304.18) -- -- (2,304.18) Project America, Inc. NIA (1,925.90) -- -- (1,925.90) Oceanic Ship Co. N/A 15,496,804.90 -- -- 15,496,804.90 Ocean Development Co. 01-10972 361,750.01 -- -- 361,750.01 American Hawaiian Properties Corporation 01-10976 96.00 -- -- 96.00 Cat II, Inc. 01-10968 (21,395.58) -- -- 21,395.58 --------------------------------------------------------------- (1,246,306.15) 357,230 62 178,960 00 (1 068 035 53) ===============================================================
CAT II, Inc. Monthly Operating Report As of December 31, 2001 And for the Period December 1, 2001 thru December 31, 2001 Attachment 7 Not Applicable