EX-99.39 41 g73863ex99-39.txt GREAT PACIFIC NW CRUISE-DEC 01 OPERATING REPORT EXHIBIT 99.39 DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (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/ Randall L. Talcott --------------------- Randall L. Talcott Vice President - Finance DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (EIK) MONTHLY OPERATING REPORT AS OF NOVEMBER 30, 2001 AND FOR THE PERIOD OCTOBER 23, 2001 THROUGH NOVEMBER 30, 2001 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 November Monthly Operating Report
Attachment 1 Summary Of Bank, Investment & Petty Cash Accounts Summary Great Pacific NW Cruise Line, L.L.C. Great Pacific Case No: 01-10977 (EIK) UNAUDITED NW Cruise Line, LLC 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 ------- -------------- -------------- ------------- ---------- ---------- Great Pacific NW Cruise Line 31,602.07 24,451.82 Yes No - Not Yes Payroll Concentration U.S. Bank Account Account # - 153390417191 Great Pacific NW Cruise Line 7,419.61 0.00 Yes No - Not Yes Steamer Concentration U.S. Bank Account Account # - 153390417191 Great Pacific NW Cruise Line 6,088.50 0.00 Yes No - Not Yes Columbia Queen Petty Cash Concentration Account
Receipts & Disbursements Attachment 2-1 Great Pacific NW Cruise Line. L.L.C. R&D - Us Bank Case No: 01-10977 (EIK) UNAUDITED CQ Payroll U.S. Bank CQ Payroll Account # - 153390417191 22 October 01 - 30 November 01 Opening Balance - 22 Oct 01 31, 602.07 Receipts ----------- 0.00 Total Receipts Disbursements (7,150.25) Payroll ----------- (7,150.25) Total Disbursements Closing Balance - 30 Nov 01 24,451.82
Receipts & Disbursements Attachment 2-2 Great Pacific NW Cruise Line. L.L.C. R&D - US Bank Case No: 01-10977 (EIK) UNAUDITED CQ Steamer U.S. Bank CQ Steamer Account # -.153390417241 22 October 01 - 30 November. 01 Opening Balance - 22 Oct 01 7,419.61 Receipts 2,542.82 From Great Pacific NM Cruise Line, LLC - CQ Onboard Cash (Asset ID 60) 2,542.82 Total Receipts --------- Disbursements (9,883.62) To The Delta Queen Steamboat Co. - Hibernia - DQ Master Cash - Account (812-395-335) (78.81) Bank Fees (9,962.43) Total Disbursements --------- Closing Balance -. 30 Nov 01 0.00
Receipts & Disbursements Attachment 2-3 Great Pacific NW Cruise Line, L.L.C. R&D.- CQ Case No: 01-10977 (EIK) UNAUDITED Petty Cash Columbia Queen Petty Cash Account # - NA 22 October 01 - 30 November 01 Opening Balance - 22 Oct 01 6,088.50 Receipt ---------- 0.00 Total Receipts Disbursements (3,545.68) Misc Ship Shut-Down Expense (2,542.82) To Great Pacific NW Cruise Line, L.L.C. - U.S. Bank - CQ Steamer - Account (153390417241) --------- (6,088.50) Total Disbursements Closing Balance - 30 Nov 01 0.00
Concentration & Investment Account Statements Attachment 3 Summary Great Pacific NW Cruise Line, L. L. C. Great Pacific Case No: 01-10977 (EIK) NW Cruise Line, LLC 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=24 (COLUMBIA QUEEN)
PTD-Actual NOV-01 ---------- Revenue Gross Revenue 0.00 Allowances 0.00 ---------- Net Revenue 0.00 Operating Expenses Air (3,733.54) Hotel 0.00 Commissions 0.00 Onboard Expenses 18,324.20 Passenger Expenses 5,876.49 Vessel Expenses 25,637.81 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 Total Operating Expenses 46,104.96 ---------- Gross Profit (46,104.96) SG&A Expenses Sales & Marketing 0.00 Pre-Opening costs 0.00 ---------- Total SG&A Expenses 0.00 ---------- EBITDA (46,104.96) Depreciation 0.00 ---------- Operating Income (46,104.96) Other Expense/(Income) Interest Income 0.00 Interest Expense 12,317.96 Equity in Earnings for Sub 0.00 ---------- Total Other Expense/(Income) 12,317.96 ---------- Net Pretax Income/(Loss) (58,422.92) ---------- Income Tax Expense 0.00 ---------- Net Income/(Loss) (58,422.92) ----------
Attachment 5 AMCV US SET OF BOOKS BALANCE SHEET Current Period: NOV-01 currency USD Company=24 (COLUMBIA QUEEN)
YTD-Actual YTD-Actual NOV-01 OCT-01 ------------- ------------- ASSETS Cash and Equivalent 6,722.83 31,623.21 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 9,315.01 11,425.61 Inventories 179,656.15 (Note 1) 199,562.38 Prepaid Expenses 0.00 2,800.00 Other Current Assets 0.00 0.00 ------------- ------------- Total Current Assets 195,693.99 245,411.20 Fixed Assets 45,093,524.95 (Note 3) 45,093,524.95 Accumulated Depreciation (1,870,234.50) (1,870,234.50) ------------- ------------- Net Fixed Assets 43,223,290.45 43,223,290.45 Net Goodwill 0.00 0.00 Intercompany Due To/From (9,986,198.43) (9,983,225.62) Net Deferred Financing Fees 2,532,693.06 (Note 2) 2,545,011.02 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 ------------- ------------- Total Other Assets 7,453,505.37) 7,438,214.60) ------------- ------------- Total Assets 35,965,479.07 36,030,487.05 ------------- -------------
AMCV US SET OF BOOKS BALANCE SHEET Current Period: NOV-01 currency USD Company=24 (COLUMBIA QUEEN)
YTD-Actual YTD-Actual NOV-01 OCT-01 ------------- ------------- LIABILITIES Accounts Payable 475.00 180.00 Accrued Liabilities 328,192.16 (Note 3) 331,444.68 Deposits 106.00 0.00 ------------- ------------- Total Current Liabilities 328,773.16 331,624.68 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 328,773.16 331,624.68 OTHER Liabilities Subject to Compromise 37,789,081.10 37,792,814.64 ------------- ------------- Total Other 37,789,081.10 37,792,814.64 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 0.00 0.00 Current Net Income (Loss) (39,844.41) 18,578.51 Retained Earnings (2,112,530.78) (2,112,530.78) ------------- ------------- Total Owner's Equity (2,152,375.19) (2,093,952.27) ------------- ------------- Total Liabilities & Other & 35,965,479.07 36,030,487.05 ------------- -------------
Attachment 6 GREAT PACIFIC NW CRUISE LINE L.L.C. 01-10977 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 15,452,563.41 116,803.96 94,398.61 15,474,968.76 AMCV Cruise Operations, Inc. 01-10967 (9,329,709.08) 13,546.97 44,602.05 (9,360,764.16) The Delta Queen Steamboat Co. 01-10970 8,448,861.75 5,676.92 -- 8,454,538.67 DQSB II, Inc. 01-10974 (339.49) -- -- (339.49) Great AQ Steamboat, L.L.C 01-10960 (5,552.79) -- -- (5,552.79) Great River Cruise Line, L.L.C 01-10963 (1,882.08) -- -- (1,882.08) Great Ocean Cruise Line, L.L.C 01-10959 (10,219.55) -- -- (10,219.55) Cruise America Travel, Incorporated 01-10966 (674,733.24) -- -- (674,733.24) Delta Queen Coastal Voyages, L.L.C 01-10964 118,887.26 -- -- 118,887.26 Cape May Light, L.L.C 01-10961 5,380.67 -- -- 5,380.67 Project America, Inc. NIA (27,500.00) -- -- (27,500.00) Oceanic Ship Co. NIA 1,701.33 -- -- 1,701.33 Project America Ship I, Inc. NIA 291,567.65 -- -- 291,567.65 Ocean Development Co, 01-10972 (24,185,738.20) -- -- (24,185,738.20) Great Hawaiian Properties Corporation 01-10971 (66,513.26) -- -- 66,513.26 ------------- ---------- ---------- ------------- (9,983,225.62) 136,027.85 139,000.66 (9.986,198.43) ============= ========== ========== =============
Attachment 7 GREAT PACIFIC NW CRUISE LINE, L.L.C. 24 CASE # 01-10977 (EIK) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING Accounts Receivable Reconciliation
Detail: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL Paymentech Credit Card Processor 4753.48 4753.48 American Express Credit Card Processor 4126.11 4126.11 Discover Credit Card Processor 435.42 435.42 Diners Credit Card Processor 0 Travel Agents 0 Total 0 9315.01 0 0 9315.01
Attachment 8 COLUMBIA QUEEN AP-STEAMER CHECKS 24-000-221300-00000 NOVEMBER-01 OUTSTANDING CHECKS: 1566 K Tinnin (American Express) (180.00) 1567 K Tinnin (Citibank) (170.00) 1571 Shonda Meyer-AT&T. (70.00) 1611 Charles Saporiti (55.00) Total per GIL: (475.00) =======
DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF NOVEMBER 30, 2001 AND FOR THE PERIOD OCTOBER 23, 2001 THROUGH NOVEMBER 30, 2001 ATTACHMENT 9 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. 1. Physical inventory counts have not been performed. Inventory amounts have been adjusted to amounts contained in the Debtor's computer systems. The Debtor estimates that it would cost up to $50;000 to perform physical counts of the inventories of The Delta Queen Steamboat Company and its subsidiaries. Should physical inventory counts be performed, amounts recorded as inventory on the Debtor's books and records could change materially. 2. Deferred financing costs represent costs incurred in connection with placing pre- petition debt instruments. Deferred financing costs are being amortized to interest expense over the term of the applicable debt instrument. The Debtor has ceased paying cash interest on its long-term debt, and accordingly, has ceased accruing for such payments as interest expense. 3. The Debtor ceased operating its primary asset; the Columbia Queen, on October 22, 2001. In connection therewith, the Debtor ceased accruing for its next scheduled lay-up, ceased recording depreciation, and has not adjusted related lay up accrual or asset values pending the outcome of Chapter 11 proceedings. 4. Prepaid insurance and accruals for self-insured claims are un-reconciled pending . receipt and final review of required information.