EX-99.13 16 g77469exv99w13.txt THE DELTA QUEEN STEAMBOAT CO. JUNE 2002 EXHIBIT 99.13 DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JCA) MONTHLY OPERATING REPORT AS OF JUNE 30, 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 June Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ STEVE MOELLER ---------------------- Steve Moeller Director, Accounting DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JCA) MONTHLY OPERATING REPORT AS OF JUNE 30, 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 June Monthly Operating Report 20-Jul-02 Summary Of Bank And Investment Accounts Attachment 1 3:48 PM The Delta Queen Steamboat Co. Summary Case No: 01-10970 (JCA) UNAUDITED The Delta Queen Steamboat Co. For Month Of June, 2002
Balances ------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 6/01/02 As Of 6/30/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ---------- Delta Queen Controlled Disb 7,166.96 2,206.93 Yes Yes Yes Hibernia Account # - 542027373 Delta Queen Master Cash 250,991.17 99,999.95 Yes Yes Yes Hibernia Account # - 812-395-335 Delta Queen Payroll 58,433.00 32,274.89 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 Account Account Account Account # - TNE-043290 Closed Closed Closed The Delta Queen Steamboat Co. 0.00 0.00 No - No - No - AmSouth Account Account Account Account # - 19356307 Closed Closed Closed Delta Queen 0.00 0.00 No - No - No - LaSalle Account Account Account Account # - 5800155771 Closed Closed Closed DQ Credit Card 1,818.21 0.00 Yes No - Not Yes Bank One Concentration Account # - 552-0110062868 Account DQ Master Cash 0.00 0.00 No - No - No - Bank One Account Account Account Account # - 552-0110256700 Closed Closed Closed The Delta Queen Steamboat Co 120,808.76 221,037.14 Yes No - Not Yes Receipts Concentration Hibernia Account Account # - 882-390-047 The Delta Queen Steamboat Co 0.00 0.00 No - No - No - Receipts Account Account Account LaSalle Closed Closed Closed Account # - 5800155839 The Delta Queen Steamboat Co 0.00 0.00 Yes No - Not Yes Escrow Account Concentration LaSalle Account Account # - 62-8930-70-3 The Delta Queen Steamboat Co 750,000.00 750,000.00 Yes No - Not Yes Escrow Account - DQ/DN IDCC Concentration LaSalle Account Account # - 62-9003-40-1 The Delta Queen Steamboat Co 250,000.00 250,000.00 Yes No - Not Yes Escrow Account - DQ/DN - Seller Proration Concentration LaSalle Account Account # - 62-9003-42-7
20-Jul-02 Receipts & Disbursements Attachment 2-1 3:49 PM The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED DQ Controlled Disb Hibernia Controlled Disbursements Account # - 542027373 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 7,166.96 Receipts 651,778.41 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ------------ 651,778.41 Total Receipts Disbursements (15,670.34) Crew Maintenance & Medical (705.92) FedEx (31,484.26) Lay-Up (2,835.07) Office - Chicago (74.35) Office - Honolulu (2,992.51) Office - NOLA (4,588.94) Office - Weston (3,123.06) Payroll Benefits (293.90) Crew Replacement Check (398,255.18) Professional Fees (1,828.94) SG&A - Finance (60.00) SG&A - Hotel Ops (100.00) SG&A - HR (9,067.76) SG&A - IT (4,430.09) SG&A - Marine Ops (743.13) SG&A - Sales & Marketing (22,566.49) Start-Up - MQ (28,598.00) Taxes & Tax Services (644.64) Vessel Ops - MQ (Pre-May 7) (4,576.98) Other Vessel Expense - Legal (4,850.46) Other Vessel Expense - Tie-Up (537,490.02) Total Disbursements (* See Footnote) Closing Balance - 30 Jun 02 ------------ 2,206.93
* $119,248.42 Of Disbursements Not Reflected In Disbursements Above Due To Being Reimbursed By Buyer Of Assets At Closing. 20-Jul-02 Receipts & Disbursements Attachment 2-2 3:50 PM The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED DQ Master Cash Hibernia DQ Master Cash Account # - 812-395-335 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 250,991.17 Receipts 1,700,000.00 From American Classic Voyages Co - Credit Suisse Asset Management - Account (247003452) ------------- 1,700,000.00 Total Receipts Disbursements (651,778.41) To The Delta Queen Steam Boat Co. - Hibernia - DQSC Contr. Disb. - Account (542027373) (2,131.95) 401K Payroll Payments (550,000.00) "Stalking Horse" Fees - Waveland & American West (427.14) Hibernia National Bank - Fees (525,000.00) To The Delta Queen Steam Boat Co. - Hibernia - (105,547.17) Professional Fees - Chanin ------------- (1,834,884.67) Total Disbursements (* See Footnote) Closing Balance - 30 Jun 02 99,999.95
*$16,106.55 Of Disbursements Not Reflected In Disbursements Above Due To Being Reimbursed By Buyer Of Assets At Closing. 20-Jul-02 Receipts & Disbursements Attachment 2-3 3:52 PM The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED DQ Payroll Hibernia DQ Payroll Account # - 812-395-289 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 58,433.00 Receipts 525,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) 60,000.00 From Great Ocean Cruise Line - Hibernia - DQ Steamer - Account (812-395-270) ------------- 585,000.00 Total Receipts Disbursements (208,391.42) Payroll - Wires & Checks ------------- (208,391.42) Total Disbursements (* See Footnote) Closing Balance - 30 Jun 02 32,274.89
*$402,766.69 Of Disbursements Not Reflected In Disbursements Above Due To Being Reimbursed By Buyer Of Assets At Closing. 20-Jul-02 Receipts & Disbursements Attachment 2-4 3:53 PM The Delta Queen Steamboat Co. R&D - BankOne Case No: 01-10970 (JCA) UNAUDITED DQ Credit Cards Bank One Delta Queen Credit Cards Account # - 552-0110062868 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 1,818.21 Receipts 4,242.85 Fee Reversals ---------- 4,242.85 Total Receipts Disbursements (6,061.06) Check In Transit At Month End To Weston Office ---------- (6,061.06) Closing Balance - 30 Jun 02 0.00
20-Jul-02 Receipts & Disbursements Attachment 2-5 3:54 PM The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED DQSC Receipts Hibernia DQSC Receipts Account # - 882-390-047 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 120,808.76 Receipts 92,029.12 Proceeds From Paymentech From FY 01 Onboard Credit Card Processing 8,199.26 Paymentech Return Of Refunds Erroneously Withdrawn Previously ----------- 100,228.38 Total Receipts Disbursements ----------- 0.00 Total Disbursements Closing Balance - 30 Jun 02 221,037.14
20-Jul-02 Receipts & Disbursements Attachment 2-6 3:55 PM The Delta Queen Steamboat Co. R&D - LaSalle Case No: 01-10970 (JCA) UNAUDITED DQSC Escrow LaSalle DQSC Escrow Account # - 62-8930-70-3 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 0.00 Receipts 1,098.94 Interest Income --------- 1,098.94 Total Receipts Disbursements --------- 0.00 Total Disbursements (* See Footnote) Closing Balance - 30 Jun 02 0.00
*$1,098.94 Of Disbursements Not Reflected In Disbursements Above Due To Being Reimbursed By Buyer Of Assets At Closing. 20-Jul-02 Receipts & Disbursements Attachment 2-7 3:56 PM The Delta Queen Steamboat Co. R&D - LaSalle Case No: 01-10970 (JCA) UNAUDITED DQ-DN IDCC Escrow LaSalle DQ-DN IDCC Escrow Account # - 62-9003-40-1 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 750,000.00 Receipts Interest Income ----------- 0.00 Total Receipts Disbursements ----------- 0.00 Total Disbursements Closing Balance - 30 Jun 02 750,000.00
20-Jul-02 Receipts & Disbursements Attachment 2-8 3:58 PM The Delta Queen Steamboat Co. R&D - LaSalle Case No: 01-10970 (JCA) UNAUDITED DQ-DN Seller Proration Escrow LaSalle DQ-DN Seller Proration Escrow Account # - 62-9003-42-7 1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02 250,000.00 Receipts Interest Income ----------- 0.00 Total Receipts Disbursements ----------- 0.00 Total Disbursements Closing Balance - 30 Jun 02 250,000.00
AMCV US SET OF BOOKS Date: 26-JUL-02 09:47:41 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: JUN-02 currency USD Company=20 (DELTA QUEEN STEAM CO)
PTD-Actual 30-Jun-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 Start-Up Costs 0.00 ----------------- Total SG&A Expenses 0.00 ----------------- EBITDA 0.00 Depreciation 0.00 ----------------- Operating Income 0.00 Other Expense/(Income) Interest Income 0.00 Equity in Earnings for Sub (116,603,343.74) Reorganization expenses 0.00 ----------------- Total Other Expense/(Income) 116,603,343.74 ----------------- Net Pretax Income/(Loss) (116,603,343.74) Income Tax Expense 0.00 ----------------- Net Income/(Loss) (116,603,343.74) =================
AMCV US SET OF BOOKS Date: 26-JUL-02 09:52:48 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: JUN-02 currency USD Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual 30-Jun-02 22-Oct-02 --------------- -------------- ASSETS Cash and Equivalent 254,518.96 2,494,983.63 Restricted Cash 1,000,000.00 0.00 Accounts Receivable 369,262.57 0.00 Inventories 0.00 840,779.06 Prepaid Expenses 0.00 13,147.33 Other Current Assets 0.00 0.00 --------------- -------------- Total Current Assets 1,623,781.53 3,348,910.02 Fixed Assets 0.00 8,202,345.75 Accumulated Depreciation 0.00 (5,195,800.16) --------------- -------------- Net Fixed Assets 0.00 3,006,545.59 Net Goodwill 0.00 0.00 Intercompany Due To/From 41,250,633.55 37,437,552.28 Net Deferred Financing Fees 0.00 5,434.15 Net Investment in Subsidiaries (83,315,162.77) 33,999,708.26 --------------- -------------- Total Other Assets (42,064,529.22) 71,442,694.69 --------------- -------------- Total Assets (40,440,747.69) 77,798,150.30 =============== ==============
AMCV US SET OF BOOKS Date: 26-JUL-02 09:52:48 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: JUN-02 currency USD Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual 30-Jun-02 22-Oct-02 --------------- -------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 1,472,836.87 0.00 Deposits 0.00 0.00 --------------- -------------- Total Current Liabilities 1,472,836.87 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 9,993,779.93 9,993,779.93 --------------- -------------- Total Liabilities 11,466,616.80 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'l Paid In Capital 33,564,332.71 33,564,332.71 Current Net Income (Loss) (118,840,728.36) (2,866,520.92) Retained Earnings 32,790,195.48 36,527,722.90 --------------- -------------- Total Owner's Equity (52,485,200.17) 67,226,534.69 --------------- -------------- Total Liabilities & Equity (40,440,747.69) 77,798,150.30 =============== ==============
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (6,302,261.47) 66,538.14 - (6,235,723.33) AMCV Cruise Operations, Inc. 01-10967 133,864,653.70 1,445,345.11 2,233,677.41 133,076,321.40 Great AQ Steamboat, L.L.C. 01-10960 (38,908,998.19) - 16,730.36 (38,925,728.55) Great Pacific NW Cruise Line, L.L.C. 01-10977 (8,416,402.63) - 2,121.28 (8,418,523.91) Great River Cruise Line, L.L.C. 01-10963 (10,421,984.53) - 120,179.37 (10,542,163.90) Great Ocean Cruise Line, L.L.C. 01-10959 (17,635,610.10) - 34,999.42 (17,670,609.52) Cruise America Travel, Incorporated 01-10966 256,503.82 - - 256,503.82 Delta Queen Coastal Voyages, L.L.C. 01-10964 (906,024.08) - 5,174.88 (911,198.96) Cape Cod Light, L.L.C. 01-10962 (1,404,059.37) - - (1,404,059.37) Cape May Light, L.L.C. 01-10961 (8,431,118.53) - - (8,431,118.53) Project America, Inc. N/A (2,934,348.03) - - (2,934,348.03) Oceanic Ship Co. N/A (136,810.43) - - (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 2,214,633.49 - - 2,214,633.49 Great Hawaiian Cruise Line, Inc. 01-10975 (7,057.02) - - (7,057.02) Great Hawaiian Properties Corporation 01-10971 1,247,073.77 - - 1,247,073.77 American Hawaii Properties Corporation 01-10976 43,550.29 - - 43,550.29 Great Independence Ship Co. 01-10969 (83,084.83) - - (83,084.83) CAT II, Inc. 01-10968 (100.00) - - (100.00) ------------------------------------------------------------------------ 42,151,633.02 1,511,883.25 2,412,882.72 41,250,633.55 ========================================================================
THE DELTA QUEEN STEAMBOAT COMPANY CASE #: 01-10970 (JCA) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL Paymentech Credit Card Processor 0.00 0.00 American Express Credit Card Processor 0.00 Discover Credit Card Processor 0.00 Diners Credit Card Processor 0.00 Travel Agents 0.00 Delaware North Companies 113,300.81 255,961.76 369,262.57 ----------- ----------- ----- ----- ----------- Total 113,300.81 255,961.76 0.00 0.00 369,262.57 =========== =========== ===== ===== ===========
ATTACHMENT # 7 The Delta Queen Steamboat Company 01-10970 (JCA) Accounts Payable Detail As of June 30, 2002 Attachment 8 Not Applicable DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF JUNE 30, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JUNE MONTHLY OPERATING REPORT The information contained herein is unaudited. 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. Accounts receivable represent monies due from the Purchaser subject to final calculation of all closing adjustments to be completed within 60 to 90 days of the closing date, May 31, 2002. 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.