EX-99.4 6 g78916exv99w4.txt CAPE MAY LIGHT LLC - SEP 02 OPERATING REPORT EXHIBIT 99.4 DEBTOR: CAPE MAY LIGHT, L.L.C. CASE NUMBER: 01-10961 (JCA) MONTHLY OPERATING REPORT AS OF SEPTEMBER 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 September 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: CAPE MAY LIGHT, L.L.C. CASE NUMBER: 01-10961 (JCA) MONTHLY OPERATING REPORT AS OF SEPTEMBER 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 September Monthly Operating Report
Summary Of Bank,Investment & Petty Cash Accounts Attachment 1 Cape May Light, L.L.C. Summary Case No: 01-10961 (EIK) UNAUDITED Cape May Light, LLC For Month Of September, 2002
Balances ------------------------------ Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 9/01/02 As Of 9/30/02 Included Included Reconciled ------- ------------- ------------- ------------- ---------- ------------ American Classic Voyages Co. 0.00 0.00 No - No - No - Bank of America Account Account Account Account # - 0030 6982 7205 Closed Closed Closed Cape May Light Escrow 0.00 0.00 No - No - No - US Dept of Transportation Account Account Account Maritime Administration Closed Closed Closed American Classic Voyages Co. 0.00 0.00 No - No - No - Bank of America Account Account Account Account # - 0041 6103 2379 Closed Closed Closed Cape May Light 0.00 0.00 No - No - Not No - Petty Cash No Activity A Bank No Activity Account
Receipts & Disbursements Attachment 2 Cape May Light, L.L.C. Summary Case No: 01-10961 (EIK) Cape May Light, LLC For Month Of September, 2002 Attach 2 No Receipts Or Disbursements Due To No Bank Activity Or Investment Accounts Concentration & Investment Account Statements Attachment 3 Cape May Light, L.L.C. Summary Case No: 01-10961 (EIK) Cape May Light, LLC For Month Of September, 2002 Attach 3
No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 22-OCT-02 11:35:16 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: SEP-02 currency USD Company=31 (CAPE MAY LIGHT)
PTD-Actual 30-Sep-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 0.00 Reorganization expenses 0.00 ---- Total Other Expense/(Income) 0.00 ---- Net Pretax Income/(Loss) 0.00 Income Tax Expense 0.00 ---- Net Income/(Loss) 0.00 ====
AMCV US SET OF BOOKS Date: 22-OCT-02 12:52:19 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: SEP-02 currency USD Company=31 (CAPE MAY LIGHT)
YTD-Actual YTD-Actual 30-Sep-02 22-Oct-01 -------------- -------------- ASSETS Cash and Equivalent 0.00 29,003.54 Restricted Cash 0.00 785,839.00 Accounts Receivable 0.00 15,651.15 Inventories 0.00 750,424.74 Prepaid Expenses 0.00 71,343.83 Other Current Assets 0.00 0.00 -------------- -------------- Total Current Assets 0.00 1,652,262.26 Fixed Assets 0.00 42,033,338.72 Accumulated Depreciation 0.00 (550,825.00) -------------- -------------- Net Fixed Assets 0.00 41,482,513.72 Net Goodwill 0.00 0.00 Intercompany Due To/From (12,552,671.14) (12,278,102.19) Net Deferred Financing Fees 0.00 2,559,333.82 Net Investment in Subsidiaries 0.00 0.00 -------------- -------------- Total Other Assets (12,552,671.14) (9,718,768.37) -------------- -------------- Total Assets (12,552,671.14) 33,416,007.61 ============== ==============
AMCV US SET OF BOOKS Date: 22-OCT-02 12:52:19 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: SEP-02 currency USD Company=31 (CAPE MAY LIGHT)
YTD-Actual YTD-Actual 30-Sep-02 22-Oct-01 -------------- ------------- LIABILITIES Accounts Payable 310.00 18,286.96 Accrued Liabilities 0.00 454,710.16 Deposits 0.00 0.00 -------------- ------------- Total Current Liabilities 310.00 472,997.12 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 0.00 -------------- ------------- Total Liabilities 310.00 472,997.12 Liabilities Subject to Compromise 39,112,982.41 39,937,580.57 OWNER'S EQUITY Common Stock 0.00 0.00 Add'l Paid In Capital 0.00 0.00 Current Net Income (Loss) (44,575,882.57) (2,857,115.19) Retained Earnings (7,090,080.98) (4,137,454.89) -------------- ------------- Total Owner's Equity (51,665,963.55) (6,994,570.08) -------------- ------------- Total Liabilities & Equity (12,552,671.14) 33,416,007.61 ============== =============
Cape May Light, LLC ATTACHMENT 6 01-10961 (JCA) Summary List of Due To/Due From Accounts For the Month Ended September 30, 2002
BEGINNING ENDING AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE -------------- ----------- -------------- ------ --------- -------------- American Classic Voyages Co. 01-10954 656,374.33 -- -- 656,374.33 AMCV Cruise Operations, Inc. 01-10967 (8,127,233.11) -- -- (8,127,233.11) The Delta Queen Steamboat Co. 01-10970 8,431,118.53 -- -- 8,431,118.53 DQSB II, Inc. 01-10974 (82.74) -- -- (82.74) Great AQ Steamboat, L.L.C 01-10960 1,640,241.44 -- -- 1,640,241.44 Great Pacific NW Cruise Line, L.L.C 01-10977 (5,380.67) -- -- (5,380.67) Great River Cruise Line, L.L.C 01-10963 (33,543.95) -- -- (33,543.95) Great Ocean Cruise Line, L.L.C 01-10959 (1,844.01) -- -- (1,844.01) Cruise America Travel, Incorporated 01-10966 (1,054,561.24) -- -- (1,054,561.24) Delta Queen Coastal Voyages, L.L.C 01-10964 217,385.53 -- 28,933.40 188,452.13 Cape Cod Light, L.L.C 01-10962 (8,675.31) -- -- (8,675.31) Project America, Inc. N/A (57,268.50) -- -- (57,268.50) Oceanic Ship Co. N/A 13,839.73 -- -- 13,839.73 Project America Ship II, Inc. N/A 412,316.64 -- -- 412,316.64 Ocean Development Co. 01-10972 (14,604,239.22) -- -- (14,604,239.22) Great Hawaiian Cruise Line, Inc. 01-10975 (8,411.75) -- -- (8,411.75) Great Hawaiian Properties Corporation 01-10971 4,188.00 -- -- 4,188.00 CAT II, Inc. 01-10968 2,038.56 -- -- 2,038.56 -------------- --- --------- -------------- (12,523,737.74) -- 28,933.40 (12,552,671.14) ============== === ========= ==============
Cape May Light, LLC 01-10961 (JCA) Accounts Receivable Aging As of September 30, 2002 Attachment 7 Not Applicable CAPE MAY LIGHT AP-STEAMER CHECKS 31-000-221300-00000 SEPTEMBER-02 OUTSTANDING CHECKS: 1091 Multi-Marques 50.00 1162 K. McKnight-McRae's 100.00 1166 K. McKnight-Gordon's 100.00 1192 Donald Vivier-Capitol One 40.00 1195 Donald Vivier-Retailer Nat. Bank 20.00 ------ Total per G/L: 310.00 ======
ATTACHMENT # 8 DEBTOR: CAPE MAY LIGHT, LLC CASE NUMBER: 01-10961 (JCA) PRELIMINARY MONTHLY OPERATING REPORT AS OF SEPTEMBER 30, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO SEPTEMBER 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.