EX-99.9 11 g74425ex99-9.txt CRUISE AMERICA TRAVEL, INC. - JAN 02 REPORT EXHIBIT 99.9 DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER:01-10966 (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: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (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 Summary Of Bank And Investment Accounts Attachment 1 Cruise America Cruise America Travel, Incorporated Travel, Inc. Case No: 01-10966 (EIK) UNAUDITED 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 ------- ---------------------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts
Receipts & Disbursements Attachment 2 Summary Cruise America Travel, Incorporated Cruise America Case No: 01-10966 (EIK) Travel, Inc. For Month Of January, 2002 Attach 2&3 No Receipts Or Disbursements Due To No Bank Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Cruise America Travel, Incorporated Summary Case No: 01-10966 (EIK) Cruise America For Month Of January, 2002 Travel, Inc. 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=29 (CAT - DQSC)
PTD-Actual JAN-02 ---------- Revenue Gross Revenue 22,251.85 Allowances 0.00 --------- Net Revenue 22,251.85 Operating Expenses Air 27,104.23 Hotel 417.60 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 27,521.83 --------- Gross Profit (5,269.98) SG&A Expenses Sales & Marketing 0.00 Pre-Opening Costs 0.00 --------- Total SG&A Expenses 0.00 --------- EBITDA (5,269.98) Depreciation 0.00 --------- Operating Income (5,269.98) 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) (5,269.98) --------- Income Tax Expense 0.00 --------- Net Income/(Loss) (5,269.98) ---------
currency USD Company=29 (CAT - DQSC) AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02
YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Marketable Securities 0.00 0.00 Accounts Receivable 0.00 19,582.06 Inventories 0.00 0.00 Prepaid Expenses 256,652.03 565,863.67 Other Current Assets 0.00 0.00 ------------ ------------ Total Current Assets 256,652.03 585,445.73 Fixed Assets 0.00 0.00 Accumulated Depreciation 0.00 0.00 ------------ ------------ Net Fixed Assets 0.00 0.00 Net Goodwill 0.00 0.00 Intercompany Due To/From 4,920,896.07 4,474,118.72 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 4,920,896.07 4,474,118.72 ------------ ------------ Total Assets 5,177,548.10 5,059,564.45 ------------ ------------
AMCV US SET OF BOOKS BALANCE SHEET - ATTACHMENT 5 Current Period: JAN-02 currency USD Company=29 (CAT - DQSC)
YTD-Actual YTD-Actual JAN-02 OCT-01 ------------ ------------ LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 724.42 0.00 Deposits 0.00 0.00 ------------ ------------ Total Current Liabilities 724.42 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 1,591,053.16 1,591,053.16 ------------ ------------ Total Liabilities 1,591,777.58 1,591,053.16 OTHER Liabilities Subject to Compromise 0.00 5,731.15 ------------ ------------ Total Other 0.00 5,731.15 OWNER'S EQUITY Common Stock 0.00 0.00 Add'1 Paid In Capital 50,000.00 50,000.00 Current Net Income (Loss) (5,269.98) 591,526.60 Retained Earnings 3,541,040.50 2,821,253.54 ------------ ------------ Total Owner's Equity 3,585,770.52 3,462,780.14 ------------ ------------ Total Liabilities & Equity 5,177,548.10 5,059,564.45 ------------ ------------
Cruise America Travel, Incorporated 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 (106,495.74) 13,362.10 12,186.21 (105,319.85) AMCV Cruise Operations, Inc. 01-10967 (4,057,712.45) 1,859.32 2,495.50 (4,058,348.63) The Delta Queen Steamboat Co. 01-10970 (269,523.37) 34,433.07 10,610.40 (245,700.70) Great AQ Steamboat, L.L.C 01-10960 3,165,198.27 -- -- 3,165,198.27 Great Pacific NW Cruise Line, L.L.C 01-10977 674,733.24 -- -- 674,733.24 Great River Cruise Line, L.L.C 01-10963 1,393,616.44 125,637.40 101,707.64 1,417,546.20 Great Ocean Cruise Line, L.L.C 01-10959 2,952,311.23 -- -- 2,952,311.23 Cape Cod Light, L.L.C 01-10962 2,706.08 -- -- 2,706.08 Cape May Light, L.L.C 01-10961 1,053,205.61 1,355.63 -- 1,054,561.24 Oceanic Ship Co. N/A 6,631.08 -- -- 6,631.08 Ocean Development Co. 01-10972 15,996.19 -- -- 15,996.19 American Hawaiian Properties Corporation 01-10976 1,126.92 -- -- 1,126.92 Great Independence Ship Co. 01-10969 16,321.27 -- -- 16,321.27 Cat 11, Inc. 01-10968 23,133.53 -- -- 23,133.53 ------------------------------------------------------------------ 4,871,248.30 176,647.52 126,999.75 4,920,896.07 ==================================================================
Cruise America Travel, Incorporated Accounts Receivable Aging As of January 31, 2002 Attachment 7 Not Applicable Cruise America Travel, Incorporated Accounts Payable Detail As of January 31, 2002 Attachment 8 Not Applicable DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (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. 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. 2. Amount represents pre-petition pre-paid airline tickets. Amounts representing liabilities to airlines for airline tickets and contained in "liabilities subject to compromise" may be setoff by pre-paid airline tickets.