EX-99.6 8 g73863ex99-6.txt GREAT AQ STEAMBOAT LLC - DEC 2001 OPERATING REPORT EXHIBIT 99.6 DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (EIK) MONTHLY OPERATING REPORT AS OF DECEMBER 31, 2001 AND FOR THE MONTH THEN ENDED Great AQ Steamboat, L.L.C. (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 I 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: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (EIK) MONTHLY OPERATING REPORT AS OF DECEMBER 31, 2001 AND FOR THE MONTH THEN ENDED 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 December Monthly Operating Report Summary Attachment 1 Great AQ Steamboat, LLC UNAUDITED Summary Of Bank, Investment & Petty Cash Accounts Great AQ Steamboat, L. L. C. Case No: 01-10960 (EIK) For Month Of December, 2001
Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 12/01/01 As Of 12/31101 Included Included Reconciled ------- -------------- -------------- -------- -------- ---------- American Queen Steamer 0.00 10,000.00 Yes No - Not No Hibernia Concentration Account 812-395-343 Account American Queen 0.00 0.00 No - Not A Bank No - Petty Cash No Activity Account No Activity
R&D - Hibernia - AQ Steamer Attachment 2-1 UNAUDITED Receipts & Disbursements Great AQ Steamboat, L.L.C. Case No.- 01-10960 (EIK) Hibernia American Queen Steamer Account Account # - 812-395-343 1 December 01 - 31 December 01 Opening Balance - I Dec 01 0.00 Receipts 199,000.00 From The Delta Queen Steamboat Company - Hibernia - DQ Master Cash Account (812-395-335) ---------- 199,000.00 Total Receipts Disbursements (90,000.00) To The Delta Queen Steamboat Company - Hibernia - Payroll Account (812-395-289) (99,000,00) To The Delta Queen Steamboat Company - Hibernia - DQ Master Cash Account (812-395-335) ---------- (189,000.00) Total Disbursements Closing Balance - 31 Dec 01 10,000.00
Summary Attachment 3 Great AQ Steamboat, LL Attach 2&3 Concentration & Investment Account Statements Great AQ Steamboat, L. L. C. Case No: 01-10960 (EIK) For Month Of December, 2001 No Statements Due To No Concentration Or Investment Accounts currency USD Attachment 4 Company=23 (AMERICAN QUEEN) AMCV US SET OF BOOKS INCOME STATEMENT Current Period: DEC-01
PTD-Actual DEC-01 ------ Revenue Gross Revenue 0.00 Allowances 0.00 ---- Net Revenue 0.00 Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 0.00 Passenger Expenses 359.07 Vessel Expenses 4,691.90 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ---- Total Operating Expenses 5,050.97 -------- Gross Profit (5,050.97) SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ---- Total SG&A Expenses 0.00 ---- EBITDA (5,050.97) Depreciation 0.00 ---- Operating Income (5,050.97) Other Expense/(Income) Interest Income 0.00 Interest Expense 21,296.70 Equity in Earnings for Sub 0.00 ---- Total Other Expense/(Income) 21,296.70 --------- Net Pretax Income/(Loss) (26,347.67) ---------- Income Tax Expense 0.00 ---- Net Income/(Loss) (26,347.67) ----------
currency USD Attachment 5-1 Company=23 (AMERICAN QUEEN) AMCV US SET OF BOOKS BALANCE SHEET Current Period: DEC-01
YTD-Actual YTD-Actual DEC-01 OCT-01 ------ ------ ASSETS Cash and Equivalent 10,000.00 27,915.55 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 42,209.12 100,111.04 Inventories 380,454.25 436,746.94 Prepaid Expenses 0.00 1,126.00 Other Current Assets 146,O58.55 189,129.97 ------------- ------------- Total Current Assets 578,721.92 755,029.50 Fixed Assets 76,449,630.83 76,449,630.83 Accumulated Depreciation (23,703,366.77) (23,703,366.77) -------------- -------------- Net Fixed Assets 52,746,264.06 52,746,264.06 Net Goodwill 0.00 0.00 Intercompany Due To/From 11,852,100.37 11,900,053.46 Net Deferred Financing Fees 555,464.89 561,110.86 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 Total Other Assets 12,407,565.26 12,461,164.32 ------------- ------------- Total Assets 65,732,551.24 65,962,457.88 ------------- -------------
currency USD Attachment 5-1 Company=23 (AMERICAN QUEEN) AMCV US SET OF BOOKS BALANCE SHEET Current Period: DEC-01
YTD-Actual YTD-Actual DEC-01 OCT-01 ------ ------ LIABILITIES Accounts Payable 2,434.58 5,469.58 Accrued Liabilities 711,841.15 754,127.79 Deposits (1,984.00) 25.00 ------------- ------------- Total Current Liabilities 712,291.73 759,622.37 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 712,291.73 759,622.37 OTHER Liabilities Subject to Compromise 48,582,624.21 48,583,115.71 ------------- ------------- Total other 48,582,624.21 48,583,115.71 OWNER'S EQUITY Common Stock 1,000.00 1,000.00 Add'l Paid In Capital 4,060,000.00 4,060,000.00 Current Net Income (Loss) (675,555.21) (493,470.71 Retained Earnings 13,052,190.51 13,052,190.51 ------------- ------------- Total Owner's Equity 16,437,635.30 16,619,719.80 ------------- ------------- Total Liabilities & Other 65,732,551.24 65,962,457.88 ------------- -------------
Great AQ Steamboat, L.L.C. Attachment 6 Summary List of Due To/Due From Accounts For the Period Ending December 31, 2001
AFFILIATE NAME CASE NUMBER BEGINNING ENDING BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 22,537,128.61 193,519.53 210,691.20 22,519,956.94 AMCV Cruise Operations, Inc. 01-10967 (22,745,106.79) - - (22,745,106.79) The Delta Queen Steamboat Co. 01-10970 17,006,151.42 - - 17,006,151.42 DQSB 11, Inc. 01-10974 (919.60) - - (919.60) Great Pacific NW Cruise Line, L.L.C. 01-10977 5,552.79 - - 5,552.79 Great River Cruise Line, L.L.C. 01-10963 (165,397.01) - - (165,397.01) Great Ocean Cruise Line, L.L.C. 01-10959 (14,507.47) - - (14,507.47) Cruise America Travel, Incorporated 01-10966 (3,165,198.27) - - (3,165,198.27) Delta Queen Coastal Voyages, L.L.C. 01-10964 144,264.37 - - 144,264.37 Cape Cod Light, L.L.C. 01-10962 (500,000.00) - - (500,000.00) Cape May Light, L.L.C. 01-10961 (1,640,241.44) - - (1,640,241.44) Project America, Inc. N/A (15,864.24) - - (15,864.24) Oceanic Ship Co. N/A (7,408.30) - - (7,408.30) Project America Ship 1, Inc. N/A 459,787.19 - - 459,787.19 Great Hawaiian Properties Corporation 01-10971 (22,591.38) - - (22,591.38) American Hawaiian Properties Corporation 01-10976 (1,496.24) - - (1,496.24) Great Independence Ship Co. 01-10969 (4,881.60) - - (4,881.60) ------------------------------------------------------------------ 11,869,272.04 193,519.53 210,691.20 11,852,100.37
Great AQ Steamboat, LLC Monthly Operating Report As of December 31, 2001 And for the Period December 1, 2001 thru December 31, 2001 Attachment 7 Not Applicable Great AQ Steamboat, LLC Monthly Operating Report As of December 31, 2001 And for the Period December 1, 2001 thru December 31, 2001 Attachment 8 Not Applicable DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960(EIK) MONTHLY OPERATING REPORT AS OF DECEMBER 31, 2001 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO DECEMBER 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 American 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.