EX-99.6 8 g74425ex99-6.txt GREAT RIVER CRUISE LINE, LLC. - JAN 02 REPORT EXHIBIT 99.6 DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (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. Davision ------------------------------ Nicholas J. Davision Senior Vice President, Finance DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (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 Summary Great River Cruise Line, L.L.C. Great River Case No: 01-10963 (EIK) UNAUDITED Cruise Line, LLC For Month Of January. 2002
Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 1101102 As Of 1131102 Included Included Reconciled ------- ------------- ------------- -------------- ------------- ---------- Delta Queen Steamer 41,640.43 29,501.37 Yes No - Not Yes Hibernia Concentration Account # - 812-395-270 Account Delta Queen 52,167.40 0.00 Yes Not A Bank Yes Petty Cash Account
Receipts & Disbursements Attachment 2-1 Great River Cruise Line. L.L.C. R&D - Case No: 01-10963 (EIK) UNAUDITED Hibemia - Hibernia DQ Steamer Delta Queen Steamer Account # - 812-395-270 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 41,640.43 Receipts 70,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ----------- 70,000.00 Total Receipts Disbursements (5,227.07) Consulting (1,644.29) DQ Dockage Fees (12,146.87) DQ Food & Beverage (4,417.52) DQ Non-Food & Beverage Materials (7,666.39) DQ Services (381.26) Employee Pre-Petition Check Replacement (6,623.50) DQ Shore Excursion (3,906.60) Temporary Help (9,731.95) Non-DQ Vessel Expense (145.18) New Orleans Office (248.43) Misc (30,000.00) To AMCV Cruise Operations - New Orleans Office Petty Cash ----------- (82,139.06) Total Disbursements Closing Balance - 31 Jan 02 29,501.37
Receipts & Disbursements Attachment 2-2 Great River Cruise Line. L.L,C. R&D - Case No: 01-10963 (EIK) UNAUDITED DQ Petty Cash Delta Queen Petty Cash Account # - NA 1 January 02 - 31 January 02 Opening Balance - 1 Jan 02 52,167.40 Receipts 12,689.54 Onboard Receipts ---------- 12,689.54 Total Receipts Disbursements (12,088.69) To AMCV Cruise Ops - New Orleans Office Petty Cash (42,202.48) To AMCV Cruise Ops - First Union - Master Cash - Account (2090002602362) (10,565.77) Operations ---------- (64,856.94) Total Disbursements Closing Balance - 31 Jan 02 0.00
Concentration & Investment Account Statements Attachment 3 Summary Great River Cruise Line. L.L.C. Great River Case No: 01-10963 (EIK) Cruise Line, LLC For Month Of January, 2002 Attach 2&3 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: JAN-02 currency USD Company=22 (DELTA QUEEN)
PTD-Actual JAN-02 ----------- Revenge Gross Revenue 138,914.91 Allowances (87.42) ----------- Net- Revenue 138,827.49 Operating Expenses Air 398.29 Hotel 0.00 Commissions 11,062.94 Onboard Expenses 80,281.45 Passenger Expenses 200,059.47 Vessel Expenses 72,389.22 Layup/Drydock Expense 209,499.00 Vessel Insurance 14,351.63 ----------- Total Operating Expenses 588,042.00 ----------- Gross Profit (449,214.51) SG&A Expenses General and Admin Expenses 2,380.63 Sales & Marketing 0.00 Pre-Opening Costs 0.00 ----------- Total SG&A Expenses 2,380.63 ----------- EBITDA (451,595.14) Depreciation 126,165.24 ----------- Operating Income (577,760.38) Other Expense/(Income) Interest Income 0.00 Interest Expense 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ----------- Total Other Expense/(Income) 0.00 ----------- Net Pretax Income/(Loss) (577,760.38) ----------- Income Tax Expense 0.00 ----------- Net Income/(Loss) (577,760.38) -----------
AMCV US Sh1, OF BOOKS BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: JAN-02 currency USD Company=22 (DELTA QUEEN)
YTD-Actual YTD-Actual JAN-02 OCT-01 -------------- ------------- ASSETS Cash and Equivalent 17,096.41 64,522.98 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 201,120.46 33,451.42 Inventories 171,291.00 270,331.59 Prepaid Expenses 0.00 37,922.40 Other Current Assets 0.00 14,555.00 -------------- ------------- Total Current Assets 389,507.87 420,783.39 Fixed Assets 27,296,694.44 27,296,694.44 Accumulated Depreciation (15,443,895.69) (15,065,339.51) -------------- ------------- Net Fixed Assets 11,852,798.75 12,231,354.93 Net Goodwill 0.00 0.00 Intercompany Due To/From (10,561,095.10) (9,202,583.95) 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 (10,561,095.10) 9,202,583.95) -------------- ------------- Total Assets 1,681,211.52 3,449,554.37 -------------- -------------
AMCV US Szr OF BOOKS BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: JAN-02 currency USD Company=22 (DELTA QUEEN)
YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ LIABILITIES Accounts Payable 989.27 5,758.93 Accrued Liabilities 901,146.53 715,443.75 Deposits 201,083.60 2,045,629.83 ------------ ------------ Total Current Liabilities 1,103,219.40 2,766,832.51 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 ------------ ------------ Total Liabilities 1,103,219.40 2,766,832.51 OTHER Liabilities Subject to Compromise 540,730.95 490,370.44 ------------ ------------ Total other 540,730.95 490,370.44 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 3,701,000.00 3,701,000.00 Current Net Income (Loss) (577,760.38) (2,206,220.03) Retained Earnings (3,085,978.45) (1,302,428.55) ------------ ------------ Total Owner's Equity 37,261.17 192,351.42 ------------ ------------ Total Liabilities & Equity 1,681,211.52 3,449,554.37 ------------ ------------
Great River 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 (6,365,087.79) 53,546.92 342,923.03 (6,654,463.90) AMCV Cruise Operations, Inc. 01-10967 (9,469,140.70) 194,025.20 169,948.83 (9,445,064.33) The Delta Queen Steamboat Co. 01-10970 6,712,972.51 472,662.46 351,029.04 6,834,605.93 DQSB II, Inc. 01-10974 (367.05) -- -- (367.05) Great AQ Steamboat, L.L.C 01-10960 165,397.01 -- -- 165,397.01 Great Pacific NW Cruise Line, L.L.C 01-10977 2,052.08 -- -- 2,052.08 Great Ocean Cruise Line, L.L.C 01-10959 (55,591.64) -- -- (55,591.64) Cruise America Travel, Incorporated 01-10966 (1,393,616.44) 333,719.64 357,649.40 (1,417,546.20) Delta Queen Coastal Voyages, L.L.C 01-10964 18,978.71 -- -- 18,978.71 Cape Cod Light, L.L.C 01-10962 (270.05) -- -- (270.05) Cape May Light, L.L.C 01-10961 31,806.50 8,630.00 6,892.55 33,543.95 Project America, Inc. N/A (11,144.65) -- -- (11,144.65) Oceanic Ship Co. N/A (257.75) -- -- (257.75) Great Hawaiian Properties Corporation 01-10971 (41,555.00) -- -- (41,555.00) American Hawaiian Properties Corporation 01-10976 9,562.38 -- -- 9,562.38 Cat 1I, Inc. 01-10968 1,025.41 -- -- 1,025.41 ------------------------------------------------------------------ (10,395,236.47) 1,062,584.22 1,228,442.85 (10,561,095.10) ==================================================================
GREAT RIVER CRUISE LINE, L.L.C.CASE #: 01-10963 (EIK) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL Paymentech Credit Card Processor 17263.57 41929.85 59065.48 7557.41 125816.31 American Express Credit Card Processor 1099.69 6742.52 11931.67 1459.64 21233.52 Discover Credit Card Processor 523.59 5468.43 4368.86 900.97 11261.85 Diners Credit Card Processor 205.34 205.34 Travel Agents 8993.11 33610.33 42603.44 Total 18886.85 63133.91 75366.01 43733.69 201120.46
ATTACHMENT # 7 DELTA QUEEN AP - STEAMER CHECKS 22-000-221300-00000 JANUARY, 2002 O/S Checks 12333 M. Richardson - Walmart 40 12335 J Blasier - Capitol One 20 12385 J Blasier - K. Hansen 150 12399 Peoria Historical Society 120 12402 Anthony May - Tracey Dodson 200 12405 Anthony May - Felicia Tanner 300 12408 Peoria Historical Society 160 TTL 990
DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (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 inventory counts have now been performed internally for food and beverage. Other 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. Prepaid insurance and accruals for self-insured claims are un-reconciled pending receipt and final review of required information. 3. The Debtor continued to operating its primary asset, the Delta Queen, through January 4, 2002. The Debtor has not adjusted asset values pending the outcome of Chapter 11 proceedings. The Debtor has continued to record depreciation expense and recorded all post-petition accruals for its next scheduled lay-up in the current period.