EX-99.20 22 g74425ex99-20.txt GREAT PACIFIC NW CRUISE LINE, LLC. - JAN 02 REPORT EXHIBIT 99.20 DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (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: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (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, Investment & Petty Cash Accounts Attachment 1 Great Pacific NW Cruise Line. L.L.C. Summary Case No: 01-10977 (EIK) UNAUDITED Great Pacific NW For Month Of January, 2002 Cruise Line, LLC
Balances ----------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- Great Pacific NW Cruise Line 0.00 0.00 No - No - Not No - Payroll No Activity Concentration No Activity U.S. Bank Account Account # - 153390417191 Great Pacific NW Cruise Line 0.00 0.00 No- No - Not No - Steamer No Activity Concentration No Activity U.S. Bank Account Account # -153390417191 Great Pacific NW Cruise Line 0.00 0.00 No - No - Not No - Columbia Queen Petty Cash No Activity Concentration No Activity Account
Receipts & Disbursements Attachment 2 Great Pacific NW Cruise Line. L.L.C. Summary Case No: 01-10977 (EIK) Great Pacific NW For Month Of January, 2002 Cruise Line, LLC Attach 2&3 No Receipts Or Disbursements Due To No Bank Activity Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Great Pacific NW Cruise Line, L.L.C. Summary Case No: 01-10977 (EIK) Great Pacific NW For Month Of January, 2002 Cruise Line, LLC Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Current Period: JAN-02 currency USD Company=24 (COLUMBIA QUEEN)
PTD-Actual JAN-02 ---------- Revenue Gross Revenue 600.00 Allowances 0.00 ---------- Net Revenue 600.00 Operating Expenses Air (166.30) Hotel Commissions 0.00 0.00 Onboard Expenses 0.00 Passenger Expenses 7,192.44 Vessel Expenses 6,635.24 Layup/Drydock Expense 0.00 Vessel Insurance 5,447.00 ---------- Total Operating Expenses 19,108.38 ---------- Gross Profit (18,508.38) SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 ---------- Total SG&A Expenses 0.00 EBITDA (18,508.38) Depreciation 0.00 ---------- Operating Income (18,508.38) Other Expense/(Income) Interest Income 0.00 Interest Expense 9,013.14 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ---------- Total Other Expense/(Income) 9,013.14 ---------- Net Pretax Income/(Loss) (27,521.52) ---------- Income Tax Expense 0.00 ---------- Net Income/(Loss) (27,521.52) ----------
AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=24 (COLUMBIA QUEEN)
YTD-Actual YTD-Actual JAN-02 OCT-01 ------------- ------------- ASSETS Cash and Equivalent 0.00 31,623.21 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 9,315.01 11,425.61 Inventories 172,463.71 199,562.38 Prepaid Expenses 0.00 2,800.00 Other Current Assets 0.00 0.00 ------------- ------------- Total Current Assets 181,778.72 245,411.20 Fixed Assets 45,093,524.95 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 (10,012,198.05) (9,983,225.62) Net Deferred Financing Fees 2,514,666.78 2,545,011.02 Net Investment in Subsidiaries 0.00 0.00 Other Non Current Assets 0.00 0.00 ------------- ------------- Total Other Assets (7,497,531.27) (7,438,214.60) ------------- ------------- Total Assets 35,907,537.90 36,030,487.05 ------------- -------------
AMCV US SETOF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=24 (COLUMBIA QUEEN)
YTD-Actual YTD-Actual JAN-02 OCT-01 ------------- ------------- LIABILITIES Accounts Payable 305.00 180.00 Accrued Liabilities 331,345.43 331,444.68 Deposits 0.00 0.00 ------------- ------------- Total Current Liabilities 331,650.43 331,624.68 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------- ------------- Total Liabilities 331,650.43 331,624.68 OTHER Liabilities Subject to Compromise 37,788,314.80 37,792,814.64 ------------- ------------- Total Other 37,788,314.80 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) (27,521.52) 18,578.51 Retained Earnings (2,184,905.81) (2,112,530.78) ------------- ------------- Total Owner's Equity (2,212,427.33) (2,093,952.27) ------------- ------------- Total Liabilities & Equity 35,907,537.90 36,030,487.05 ------------- -------------
GREAT PACIFIC NW CRUISE LINE, L.L.C. ATTACHMENT 6 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 15,487,434.41 600.00 -- 15,488,034.41 AMCV Cruise Operations, Inc. 01-10967 (9,372,500.72) -- 9,429.72 (9,381,930.44) The Delta Queen Steamboat Co. 01-10970 8,436,809.68 -- -- 8,436,809.68 DQSB 11, 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 (2,052.08) -- -- (2,052.08) 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. N/A (27,500.00) -- (27,500.00) Oceanic Ship Co. N/A 1,701.33 -- -- 1,701.33 Project America Ship I, Inc. N/A 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) ---------------------------------------------------------------------- (10,003,368.33) 600.00 9,429.72 (10,012,198.05) ======================================================================
GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE #: 01-10977 (EIK) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
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 0 0 9315.01 9315.01
Attachment # 7 COLUMBIA QUEEN AP - STEAMER CHECKS 24-000-221300-00000 JANUARY, 2002
OIS Checks 1566 K Tinnin ( American Express) 180 1571 K Tinnin ( Citibank) 70 1611 Shonda Meyer - AT&T 55 TTL 305
Attachment # 8 DEBTOR: GREAT PACIFIC NW CRUISE LINE, L.L.C. CASE NUMBER: 01-10977 (EIK) PRELIMINARY MONTHLY OPERATING REPORT AS OF JANUARY 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY MONTHLY OPERATING REPORT 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.