EX-99.13 15 g78437exv99w13.txt DELTA QUEEN STEAMBOAT MONTHLY OPERATING REPORT EXHIBIT 99.13 DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JCA) MONTHLY OPERATING REPORT AS OF AUGUST 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 August 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 AUGUST 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 August Monthly Operating Report Summary Summary Of Bank And Attachment 1 The Delta Queen Steamboat Co. Investment Accounts The Delta Queen Steamboat Co. UNAUDITED Case No: 01-10970 (JCA) For Month Of August, 2002
Balances -------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 8/01/02 As Of 8/31/02 Included Included Reconciled ------- ------------- ------------- -------- -------- ---------- Delta Queen Controlled Disb 2,550.22 0.00 Yes Yes Yes Hibernia Account # - 542027373 Delta Queen Master Cash 95,667.64 619,066.63 Yes Yes Yes Hibernia Account # - 812-395-335 Delta Queen Payroll 24,143.85 26,689.45 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 0.00 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 18,846.89 18,783.04 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 80.78 80.78 Yes No - Not Yes Escrow Account Concentration LaSalle Account Account # - 62-8930-70-3 The Delta Queen Steamboat Co 750,851.78 751,757.58 Yes No - Not Yes Escrow Account - DQ/DN IDCC Concentration LaSalle Account Account # - 62-9003-40-1 The Delta Queen Steamboat Co 250,283.93 250,585.86 Yes No - Not Yes Escrow Account - DQ/DN - Seller Proration Concentration LaSalle Account Account # - 62-9003-42-7 The Delta Queen Steamboat Co 32,038,490.60 31,480,509.70 Yes No - Not Yes LaSalle - Investment Account Concentration 03-9042-30-4 Account
Receipts & Disbursements Attachment 2-1 The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED DQ Controlled Disb Hibernia Controlled Disbursements Account # - 542027373 1 August 02 - 31 August 02 Opening Balance - 1 August 02 2,550.22 Receipts 139,998.71 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ------------------- 139,998.71 Total Receipts Disbursements (3,393.75) Crew Maintenance & Medical (447.97) FedEx (6,515.05) Lay-Up (23,219.63) Office - Chicago (1,668.38) Office - NOLA (2,779.72) Office - Weston (42,559.89) Professional Fees - Walsh,Monzack&Monaco (4,487.21) SG&A - Finance (3,633.68) SG&A - Executive (2,296.89) IT Support (16,388.35) Taxes & Tax Services (26,492.99) Other Vessel Expense - Med Ins Claims (8,665.42) Outside Services ------------------- (142,548.93) TOTAL DISBURSEMENTS Closing Balance - 31 August 02 0.00
Receipts & Disbursements Attachment 2-2 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 August 02 - 31 August 02 Opening Balance - 1 August 02 95,667.64 Receipts 1,700,000.00 From American Classic Voyages Co - Credit Suisse Asset Management - Account (247003452) 600,000.00 From Delta Queen Steamboat CO - LaSalle Investment Acct (#039042304) -------------- 2,300,000.00 Total Receipts Disbursements (139,998.71) To The Delta Queen Steam Boat Co. - Hibernia - DQSC Contr. Disb. - Account (542027373) (1,500.00) Misc Transfer - reimbursed in AMCV Cruise Ops Master Cash (1st Union # 2090002602362) (366.10) Hibernia National Bank - Fees (170,000.00) To The Delta Queen Steam Boat Co Payroll Acct (812395289) - Hibernia - (832,099.30) Professional Fees - Chanin (450,000.00) (P&I Escrow) Walsh,Monzack & Monaco Trust Acct (182,523.43) Professional Fees - Hahn & Hessen -------------- (1,776,487.54) Total Disbursements (* See Footnote) Closing Balance - 31 August 02 619,066.63
*$113.47 Of Disbursements Not Reflected In Disbursements Above Due To Being Reimbursed By Buyer Of Assets At Closing. Receipts & Disbursements Attachment 2-3 The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED DQ Payroll Hibernia DQ Payroll Account # - 812-395-289 1 August 02 - 31 August 02 Opening Balance - 1 August 02 24,143.85 Receipts 70,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) 100,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) -------------- 170,000.00 Total Receipts Disbursements (167,454.40) Payroll - Wires & Checks -------------- (167,454.40) Total Disbursements Closing Balance - 31 August 02 26,689.45
Receipts & Disbursements Attachment 2-4 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 August 02 - 31 August 02 Opening Balance - 1 August 02 0.00 Receipts 0.00 ------ 0.00 Total Receipts Disbursements 0.00 0.00 Closing Balance - 31 August 02 0.00
Receipts & Disbursements Attachment 2-5 The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED DQSC Receipts Hibernia DQSC Receipts Account # - 882-390-047 1 August 02 - 31 August 02 Opening Balance - 1 August 02 18,846.89 Receipts ---------- 0.00 Total Receipts Disbursements (63.85) Paymentech Chargeback ---------- (63.85) Total Disbursements Closing Balance - 31 August 02 18,783.04
Receipts & Disbursements Attachment 2-6 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 August 02 - 31 August 02 Opening Balance - 1 August 02 80.78 Receipts Interest Income ------- 0.00 Total Receipts Disbursements ------- 0.00 Total Disbursements Closing Balance - 31 August 02 80.78
Receipts & Disbursements Attachment 2-7 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 August 02 - 31 August 02 Opening Balance - 1 August 02 750,851.78 Receipts 905.80 Interest Income ----------- 905.80 Total Receipts Disbursements ----------- 0.00 Total Disbursements Closing Balance - 31 August 02 751,757.58
Receipts & Disbursements Attachment 2-8 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 August 02 - 31 August 02 Opening Balance - 1 August 02 250,283.93 Receipts 301.93 Interest Income ---------- 301.93 Total Receipts Disbursements ---------- 0.00 Total Disbursements Closing Balance - 31 August 02 250,585.86
Receipts & Disbursements Attachment 2-9 The Delta Queen Steamboat Co. R&D - LaSalle Case No: 01-10970 (JCA) UNAUDITED Investment LaSalle - Investment Account Account # - 03-9042-30-4 1 August 02 - 31 August 02 Opening Balance - 1 August 02 32,038,490.60 Receipts 42,019.10 Interrest Earned ------------- 42,019.10 Total Receipts Disbursements (600,000.00) To Delta Queen Steamboat CO Master Cash Hibernia # 812-395-335 ------------- (600,000.00) Total Disbursements Closing Balance - 31 August 02 31,480,509.70
AMCV US SET OF BOOKS Date: 17-SEP-02 15:52:43 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: AUG-02 currency USD Company=20 (DELTA QUEEN STEAM CO)
PTD-Actual 31-Aug-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 (43,226.83) Reorganization expenses (21,967.22) -------------- Total Other Expense/(Income) (21,259.61) -------------- Net Pretax Income/(Loss) 21,259.61 Income Tax Expense 0.00 -------------- Net Income/(Loss) 21,259.61 ==============
AMCV US SET OF BOOKS Date: 17-SEP-02 16:35:03 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: AUG-02 currency USD Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual 31-Aug-02 22-Oct-02 ------------------- --------------- ASSETS Cash and Equivalent 32,112,090.33 2,494,983.63 Restricted Cash 1,002,343.44 0.00 Accounts Receivable 358,822.40 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 33,473,256.17 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 8,556,594.62 37,437,552.28 Net Deferred Financing Fees 0.00 5,434.15 Net Investment in Subsidiaries (83,408,681.77) 33,999,708.26 ------------------ ---------------- Total Other Assets (74,852,087.15) 71,442,694.69 ------------------ ---------------- Total Assets (41,378,830.98) 77,798,150.30 ================== ================
AMCV US SET OF BOOKS Date: 17-SEP-02 16:35:03 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: AUG-02 currency USD Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual 31-Aug-02 22-Oct-02 ------------------- --------------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 583,305.64 0.00 Deposits 0.00 0.00 ------------------- ---------------- Total Current Liabilities 583,305.64 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 9,993,779.93 9,993,779.93 ------------------- ---------------- Total Liabilities 10,577,085.57 9,993,779.93 Liabilities Subject to Compromise 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) (118,889,280.42) (2,866,520.92) Retained Earnings 32,790,195.48 36,527,722.90 ------------------- ---------------- Total Owner's Equity (52,533,752.23) 67,226,534.69 ------------------- ---------------- Total Liabilities & Equity (41,378,830.98) 77,798,150.30 =================== ================
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (6,204,670.44) - - (6,204,670.44) AMCV Cruise Operations, Inc. 01-10967 101,003,199.41 22,891,266.04 23,599,891.59 100,294,573.86 Great AQ Steamboat, L.L.C. 01-10960 (38,908,352.62) 618.84 - (38,907,733.78) Great Pacific NW Cruise Line, L.L.C. 01-10977 (8,411,645.08) - - (8,411,645.08) Great River Cruise Line, L.L.C. 01-10963 (10,534,299.21) - 200.00 (10,534,499.21) Great Ocean Cruise Line, L.L.C. 01-10959 (17,667,595.20) 22,434.20 1,331.09 (17,646,492.09) Cruise America Travel, Incorporated 01-10966 256,503.82 - - 256,503.82 Delta Queen Coastal Voyages, L.L.C. 01-10964 (911,198.96) - - (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) ------------------------------------------------------------------------ 9,243,698.22 22,914,319.08 23,601,422.68 8,556,594.62 ========================================================================
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 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 0.00 0.00 102,860.64 255,961.76 358,822.40 -------------- --------------- --------------- --------------- -------------- Total 0.00 0.00 102,860.64 255,961.76 358,822.40 ============== =============== =============== =============== ==============
ATTACHMENT # 7 The Delta Queen Steamboat Company 01-10970 (JCA) Accounts Payable Detail As of August 31, 2002 Attachment 8 Not Applicable DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF AUGUST 31, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO AUGUST 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. During September, final agreement was reached with regards to the calculation of all closing adjustment. 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 basis of assets and liabilities. The Debtor has not recorded adjustments to these amounts pending the outcome of Chapter 11 proceedings.