EX-99.6 8 g75742ex99-6.txt GREAT RIVER CRUISE LINE-MARCH 02 OPERATING REPORT EXHIBIT 99.6 DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (EIK) MONTHLY OPERATING REPORT AS OF MARCH 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 March 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 River Cruise Line, L.L.C. Case Number: 01-10963 (EIK) Monthly Operating Report As of March 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 March Monthly Operating Report 16-Apr-02 Attachment 1 8:50 AM Summary UNAUDITED Great River Cruise Line, LLC Summary Of Bank, Investment & Petty Cash Accounts Great River Cruise Line, L.L.C. Case No: 01-10963 (EIK) For Month Of March, 2002
Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled ------- ------------- ------------- -------- -------- ---------- Delta Queen Steamer 71,446.22 112,717.03 Yes No - Not Yes Hibernia Concentration Account # - 812-395-270 Account Delta Queen 0.00 0.00 No - Not A Bank Yes Petty Cash No Activity Account
16-Apr-02 Attachment 2-1 10:15 AM R&D - Hibernia - DQ Steamer UNAUDITED Receipts & Disbursements Great River Cruise Line, L.L.C. Case No: 01-10963 (EIK) Hibernia Delta Queen Steamer Account # - 812-395-270 1 March 02 - 31 March 02 Opening Balance - 1 Mar 02 71,446.42 Receipts 170,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ----------- 170,000.00 Total Receipts Disbursements (1,799.50) Consulting (3,969.00) Employee Payment (494.10) IT Support (268.30) Office Services (828.20) Office Supplies (3,474.95) Passenger Services Material (996.74) Petty Cash (82,384.77) Sales & Marketing (100.00) Shipping (4,668.88) Temporary Help (26,077.45) Vessel Material (3,667.50) Vessel Services ----------- (128,729.39) Total Disbursements Closing Balance - 31 Mar 02 112,717.03
16-Apr-02 Attachment 3 8:51 AM Summary Great River Cruise Line, LLC Attach 3 Concentration & Investment Account Statements Great River Cruise Line, L.L.C. Case No: 01-10963 (EIK) For Month Of March, 2002 No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 19-APR-02 08:27:32 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: MAR-02 currency USD Company=22 (DELTA QUEEN)
PTD-Actual 31-Mar-02 ------------ Revenue Gross Revenue (4,406.00) Allowances (8,350.02) ------------ Net Revenue (12,756.02) Operating Expenses Air 0.00 Hotel 0.00 Commissions 0.00 Onboard Expenses 136.21 Passenger Expenses 26,805.39 Vessel Expenses 23,479.94 Layup/Drydock Expense 69,833.00 Vessel Insurance 57,677.66 ------------ Total Operating Expenses 177,932.20 ------------ Gross Profit (190,688.22) SG&A Expenses Sales & Marketing 0.00 Start-Up Costs 0.00 ------------ Total SG&A Expenses 0.00 ------------ EBITDA (190,688.22) Depreciation 0.00 ------------ Operating Income (190,688.22) Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub 0.00 Reorganization expenses 0.00 ------------ Total Other Expense/(Income) 0.00 ------------ Net Pretax Income/(Loss) (190,688.22) Income Tax Expense 0.00 ------------ Net Income/(Loss) (190,688.22) ============
AMCV US SET OF BOOKS Date: 18-APR-02 17:04:11 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: MAR-2 currency USD Company=22 (DELTA QUEEN)
YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 --------------- --------------- ASSETS Cash and Equivalent 49,722.98 64,522.98 Restricted Cash 0.00 0.00 Accounts Receivable 68,637.17 33,451.42 Inventories 169,987.44 270,331.59 Prepaid Expenses 0.00 37,922.40 Other Current Assets 0.00 14,555.00 --------------- --------------- Total Current Assets 288,347.59 420,783.39 Fixed Assets 27,296,694.44 27,296,694.44 Accumulated Depreciation (15,431,916.01) (15,065,339.51) --------------- --------------- Net Fixed Assets 11,864,778.43 12,231,354.93 Net Goodwill 0.00 0.00 Intercompany Due To/From (10,535,875.05) (9,202,583.95) Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 --------------- --------------- Total Other Assets (10,535,875.05) (9,202,583.95) --------------- --------------- Total Assets 1,617,250.97 3,449,554.37 =============== ===============
AMCV US SET OF BOOKS Date: 18-APR-02 17:04:11 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: MAR-2 currency USD Company=22 (DELTA QUEEN)
YTD-Actual YTD-Actual 31-Mar-02 22-Oct-01 -------------- -------------- LIABILITIES Accounts Payable 689.27 5,758.93 Accrued Liabilities 1,032,201.39 715,443.75 Deposits 355,300.71 2,045,629.83 -------------- -------------- Total Current Liabilities 1,388,191.37 2,766,832.51 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 -------------- -------------- Total Liabilities 1,388,191.37 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'l Paid In Capital 3,701,000.00 3,701,000.00 Current Net Income (Loss) (926,692.90) (2,206,220.03) Retained Earnings (3,085,978.45) (1,302,428.55) -------------- -------------- Total Owner's Equity (311,671.35) 192,351.42 -------------- -------------- Total Liabilities & Equity 1,617,250.97 3,449,554.37 ============== ==============
Great River Cruise Line, LLC 01-10963 (JCA) ATTACHMENT 6 Summary List of Due To/Due From Accounts For the Month Ended March 31, 2002
BEGINNING ENDING AFFILIATE NAME CASE ID# BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (6,707,630.20) 4,709.58 -- (6,702,920.62) AMCV Cruise Operations, Inc. 01-10967 (9,491,968.54) 137,607.73 76,269.35 (9,430,630.16) The Delta Queen Steamboat Co. 01-10970 6,833,173.43 208,919.57 237,313.06 6,804,779.94 DQSB II, Inc. 01-10974 (367.05) -- -- (367.05) Great AQ Steamboat, L.L.C 01-10960 167,391.63 -- -- 167,391.63 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 (49,604.28) 82,682.65 -- 33,078.37 Cruise America Travel, Incorporated 01-10966 (1,419,142.24) -- -- (1,419,142.24) 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 33,543.95 -- -- 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 Hawaii Properties Corporation 01-10976 9,562.38 -- -- 9,562.38 CAT II, Inc. 01-10968 1,025.41 -- -- 1,025.41 ----------------------------------------------------------- (10,656,212.17) 433,919.53 313,582.41 (10,535,875.05) ===========================================================
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 17,263.57 41,929.85 8,943.75 68,137.17 American Express Credit Card Processor -- Discover Credit Card Processor -- Diners Credit Card Processor -- Travel Agents -- Crew Member 500.00 500.00 ---------------------------------------------------------- Total -- 17,763.57 41,929.85 8,943.75 68,637.17 ==========================================================
ATTACHMENT #7 DELTA QUEEN AP-STEAMER CHECKS 22-000-221300-00000 MARCH-02 OUTSTANDING CHECKS: 12333 M. Richardson-Walmart 40.00 12335 J. Blasier-Capitol One 20.00 12385 J. Blasier-K. Hansen 150.00 12399 Peoria Historical Society 120.00 12404 Anthony May-Verizon 200.00 12408 Peoria Historical Society 160.00 -------- Total per G/L: 690.00 ========
ATTACHMENT #8 DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963(JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF MARCH 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO MARCH 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 been performed internally for food and beverage. An evaluation of fuel inventory pricing has been performed and carrying values have been adjusted accordingly. 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. The Debtor continued to operate its primary asset, the Delta Queen, through January 4, 2002. The Debtor has now ceased to record depreciation expense due to the wet dock status of the vessel and has not adjusted asset values pending the outcome of Chapter 11 proceedings. The Debtor has continued to record all post-petition accruals for its next scheduled lay-up. 3. The Debtor has been unable to negotiate acceptable contract terms with credit card processors other than its primary processor, Paymentech. Accordingly, the Debtor has written off prepetition receivables which cannot be processed for collection.