EX-99.13 15 g74425ex99-13.txt THE DELTA QUEEN STEAMBOAT CO. - JAN 02 REPORT EXHIBIT 99.13 DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED In accordance with title 28, section 1746, of the United States Code, I declare under penalty of perjury that I have examined the attached January 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, Finance DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (EIK) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 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 January 2002 Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 The Delta Queen Steamboat Co. Summary Case No: 01-10970 EIK UNAUDITED The Delta Queen Steamboat Co. For Month Of January, 2002
Balances ------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- Delta Queen Controlled Disb 126,466.59 8,877.35 Yes Yes Yes Hibernia Account # - 542027373 Delta Queen Master Cash 154,609.13 617,186.54 Yes Yes Yes Hibernia Account # - 812-395-335 Delta Queen Payroll 79,094.02 317,082.24 Yes No - Not Yes Hibernia Concentration Account # - 812-395-289 Account The Delta Queen Steamboat Co. 0.00 0.00 No - No - No LaSalle - Wealth Management No Activity No Activity No Activity Account # - TNE-043290 The Delta Queen Steamboat Co. 0.00 0.00 No- No - Not No - AmSouth No Activity Concentration No Activity Account # - 19356307 Account Delta Queen 0.00 0.00 No- No - Not No LaSalle No Activity Concentration No Activity Account # - 5800155771 Account DQ Credit Card 0.00 0.00 Yes No - Not Yes Bank One Concentration Account # - 552-0110062868 Account DQ Master Cash 0.00 0.00 No- No - Not No - Bank One No Activity Concentration No Activity Account # - 552-0110256700 Account The Delta Queen Steamboat Co 381,343.44 83,366.84 Yes No - Not Yes Receipts Concentration Hibernia Account Account # - 882-390-047 The Delta Queen Steamboat Co 239,567.00 239,567.00 Yes No - Not Yes Receipts Concentration LaSalle Account Account # - 5800155839 The Delta Queen Steamboat Go 0.00 0.00 No - No - Not No Escrow Account No Activity Concentration No Activity LaSalle Account Account # - 62-8930-70-3
Receipts & Disbursements Attachment 2-1 The Delta Queen Steamboat Co. R&D -Hibemia Case No: 01-10970 (EIK) UNAUDITED DQ Controlled Disb Hibernia Controlled Disbursements Account # - 542027373 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 126,466.59 Receipts 804,346.45 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) 804,346.45 Total Receipts Disbursements (293.50) Air Ticket (31,746.73) Crew Medical & Maintenance (34,794.20) DQ Commission (105,499.47) Payroll Related (164,425.31) Professiona Fees (18,082.85) SG&A Finance (66,761.78) SG&A - I.T. (6,734.08) SG&A- Marine Ops (5,489.10) SG&A - Office - Chicago (7,056.65) SG&A - Office - Honolulu (55,663.34) SG&A - Office - NOLA (194,564.55) SG&A - Office - Weston (2,073.47) SG&A - Passenger Services (32.50) SG&A - Risk (82,836.74) SG&A - Sales & Marketing (44,890.30) Vessel Ops - DQ (100,991.12) Vessel Ops - Non-DQ (921,935.69) Total Disbursements Closing Balance - 31 Jan 02 8,877.35
ATTACHMENT 2-2 Receipts & Disbursements The Delta Queen Steamboat Co. R&D -HIBERNIA Case No: 01-10970 (EIK) UNAUDITED DQ MASTER CASH Hibernia DQ Master Cash Account # - 812-395-335 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 154,609.13 Receipts 27,295.25 Airline Reporting Clearinghouse Reversals 80,800.00 Asset Sales 1,900,000.00 From American Classic Voyages Co - Credit Suisse Asset Management - Account (247003452) 235,000.00 From AMCV Cruise Operations, Inc. - First Union - AMCV Cruise Ops Master Cash - Account (2090002602362) 40,000.00 From The Delta Queen Steamboat Co. - Hibernia - DQ Payroll - Account (812-395-289) 300,000.00 From The Delta Queen Steamboat Co. - Hibernia - DQSC Receipts - Account (882-390-047) 43,760.00 From AMCV Cruise Operations, Inc. - New Orleans Office - Petty Cash 53,582.66 Other Local Deposits ------------- 2,680,437.91 Total Receipts Disbursements (804,346.45) To The Delta Queen Steam Boat Co. - Hibernia - DQSC Contr. Disb. - Account (542027373) (1,218.39) Airline Reporting Clearinghouse (55,936.12) 401 K Payroll Payments (105,000.00) To American Classic Voyages Co. - Chase - AMCV Medical Benefits - Account (002-2-426522) (90,000.00) To Great AQ Steamboat, LLC - Hibernia - AQ Steamer - Account (812-395-343) (1,040,000.00) To The Delta Queen Steam Boat Co. - Hibernia - DQ Payroll - Account (812-395-289) (70,000.00) To Great River Cruise Line, LLC - Hibernia - DQ Steamer - Account (812-395-270) (8,472.88) Sysco (7,987.31) Weston Security (23,846.74) WorldCom Phone Bill (7,390.00) Moving Expense - Miami To New Orleans 3 662.61 Other Miscellaneous Payments -------------- (2,217,860.50) Total Disbursements Closing Balance - 31 Jan 02 617,186.54
Receipts & Disbursements Attachment 2-3 The Delta Queen Steamboat Co. R&D -HIBERNIA Case No: 01-10970 (EIK) UNAUDITED DO PAYROLL Hibernia DQ Payroll Account # - 812-395-289 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 79,094.02 Receipts 1,040,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) 90,000.00 From Great AQ Steamboat LLC - Hibernia - AQ Steamer - Account (812-395-343) 8,045.18 From American Classic Voyages Co - LaSalle AMCV Payroll - Account (2369368) 8,236.62 From Ocean Development Corp - LaSalle ODC Payroll - Account (5800156175) 215,979.91 Payroll Service (ADP) Reversals ------------- 1,362,261.71 Total Receipts Disbursements (40,000.00) From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) (917,374.08) Payroll - Wires (166,899.41) Payroll - Checks ------------- (1,124,273.49) Total Disbursements Closing Balance - 31 Jan 02 317,082.24
Receipts & Disbursements Attachment 2-4 The Delta Queen Steamboat Co. R&D -BankOne Case No: 01-10970 (EIK) UNAUDITED DQ Credit Cards Bank One Delta Queen Credit Cards Account # - 552-0110062868 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 0.00 Receipts 773.50 Credit Card Charge Back Reversal - Paymentech -------- 773.50 Total Receipts Disbursements (773.50) To Great Hawaiian Properties Corporation - Bank One - AHC Mainland Payroll Account (552-0110673387) -------- (773.50) Closing Balance - 31 Jan 02 0.00
Receipts & Disbursements Attachment 2-5 The Delta Queen Steamboat Co. R&D -Hibernia Case No: 01-10970(EIK) UNAUDITED DQSC Receipts Hibernia DQSC Receipts Account # - 882-390-047 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 381,343.44 Recei is 2,700.00 Miscellaneous Receipts ------------- 2,700.00 Total Receipts Disbursements (300,000.00) To The Delta Queen Steamboat Co - Hibernia - DQ Master Cash - Account (812-395-335) (76.60) Credit Card Processor Fees (600.00) Credit Card Chargeback ------------- (300,676.60) Total Disbursements Closing Balance - 31 Jan 02 83,366.84
Receipts & Disbursements Attachment 2-6 The Delta Queen Steamboat Co. R&D - LaSalle Case No: 01-10970 (EIK) UNAUDITED DQSC Receipts LaSalle DQSC Receipts Account # - 5800155839 1 January 02 - 31 January 02 Opening. Balance - 1 Jan 02 239,567.00 Receipts ----------- 0.00 Total Receipts Disbursements ----------- 0.00 Total Disbursements Closing Balance - 31 Jan 02 239,567.00
AMCV US SET OF BOOKS Date: INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=20 (DELTA QUEEN STEAM CO)
PTD-Actual JAN-02 ------------- 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 0.00 Vessel Expenses 0.00 Layup/Drydock Expense 0.00 Vessel Insurance 0.00 ------------- Total Operating Expenses 0.00 ------------- Gross Profit 0.00 SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ------------- Total SG&A Expenses 0.00 ------------- EBITDA 0.00 Depreciation 43,290.79 ------------- Operating Income 43,290.79) Other Expense/(Income) Interest Income (199.10) Interest Expense 0.00 Equity in Earnings for Sub (1,084,567.24) Reorganization expenses 0.00 ------------- Total Other Expense/(Income) 1,084,368.14 ------------- Net Pretax Income/(Loss) (1,127,658.93) ------------- Income Tax Expense 0.00 ------------- Net Income/(Loss) (1,127,658.93) -------------
AMCV US SET OF BOOKS Date: BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- ASSETS Cash and Equivalent 604,299.03 2,494,983.63 Restricted Cash 83,366.84 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 350,782.90 0.00 Inventories 630,917.11 840,779.06 Prepaid Expenses 0.00 13,147.33 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 1,669,365.88 3,348,910.02 Fixed Assets 8,121,545.75 8,202,345.75 Accumulated Depreciation (5,325,988.49) (5,195,800.16) -------------- -------------- Net Fixed Assets 2,795,557.26 3,006,545.59 Net Goodwill 0.00 0.00 Intercompany Due To/From 39,245,495.09 37,437,552.28 Net Deferred Financing Fees 0.00 5,434.15 Net Investment in Subsidiaries 32,136,466.21 33,999,708.26 Other Non Current Assets 0.00 0.00 -------------- -------------- Total Other Assets 71,381,961.30 71,442,694.69 -------------- -------------- Total Assets 75,846,884.44 77,798,150.30 -------------- --------------
AMCV US SET OF BOOKS Date: BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- -------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 47,399.57 0.00 Deposits 0.00 0.00 -------------- -------------- Total Current Liabilities 47,399.57 0.00 Long Tern Debt 0.00 0.00 Other Long Term Liabilities 9,993,779.93 9,993,779.93 -------------- -------------- Total Liabilities 10,041,179.50 9,993,779.93 OTHER Liabilities Subject to Compromise 577,835.68 577,835.68 -------------- -------------- Total Other 577,835.68 577,835.68 OWNER'S EQUITY Common Stock 1,000.00 1,000.00 Add'1 Paid In Capital 33,564,332.71 33,564,332.71 Current Net Income (Loss) (1,127,658.93) (2,866,520.92) Retained Earnings 32,790,195.48 36,527,722.90 -------------- -------------- Total Owner's Equity 65,227,869.26 67,226,534.69 -------------- -------------- Total Liabilities & Equity 75,846,884.44 77,798,150.30 -------------- --------------
ATTACHMENT 6 The Delta Queen Steamboat Co. Summary List of Due To/Due From Accounts For the Period Ending January 31, 2002
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE -------------- ----------- ------- --------- ------- ------- American Classic Voyages Co. 01-10954 (4,765,381.15) 1,628,241.15 2,723,076.34 (5,860,216.34) AMCV Cruise Operations, Inc. 01-10967 101,335,775.02 914,929.86 52,415.91 102,198,288.97 Great AQ Steamboat, L.L.C. 01-10960 (17,006,151.42) -- 99,171.80 (17,105,323.22) Great Pacific NW Cruise Line, L.L.C. 01-10977 (8,436,809.68) -- -- (8,436,809.68) Great River Cruise Line, L.L.C. 01-10963 (6,712,972.51) 91,028.02 212,661.44 (6,834,605.93) Great Ocean Cruise Line, L.L.C. 01-10959 (14,349,980.10) -- 267,666.17 (14,617,646.27) Cruise America Travel, Incorporated 01-10966 269,523.37 3,472.58 27,295.25 245,700.70 Delta Queen Coastal Voyages, L.L.C. 01-10964 (901,221.80) -- -- (901,221.80) Cape Cod Light, L.L.C. 01-10962 (1,436,292.11) -- -- (1,436,292.11) Cape May Light, L.L.C. 01-10961 (8,452,294.56) -- 14,153.55 (8,466,448.11) Project America, Inc. N/A (2,936,984.22) -- -- (2,936,984.22) Oceanic Ship Co. N/A (126,934.33) -- 9,876.10 (136,810.43) Project America Ship I, Inc. N/A 255,723.41 -- -- 255,723.41 Project America Ship II, Inc. N/A (142,646.25) -- -- (142,646.25) Ocean Development Co. 01-10972 2,221,004.51 1,865.60 8,236.62 2,214,633.49 Great Hawaiian Cruise Line, Inc. 01-10975 (1,286.35) -- (1,286.35) Great Hawaiian Properties Corporation 01-10971 856,702.41 391,771.36 1,400.00 1,247,073.77 American Hawaiian Properties Corporation 01-10976 49,579.61 -- 6,029.32 43,550.29 Great Independence Ship Co. 01-10969 (27,551.11) -- 55,533.72 (83,084.83) Cat 11, Inc. 01-10968 (100.00) -- -- (100.00) -------------- ------------- ------------- -------------- 39,691,702.74 3,031,308.57 3,477,516.22 39,245,495.09 ============== ============= ============= ==============
THE DELTA QUEEN STEAMBOAT COMPANY ACCOUNTS RECEIVABLE AGING AS OF JANUARY 31, 2002 ATTACHMENT 7 NOT APPLICABLE THE DELTA QUEEN STEAMBOAT COMPANY ACCOUNTS PAYABLE DETAIL AS OF JANUARY 31, 2002 ATTACHMENT 8 NOT APPLICABLE DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY 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 counts have now been performed internally all inventory amounts. 2. 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 11 proceedings.