EX-99.9 11 g80291exv99w9.txt CRUISE AMERICAN TRAVEL DEC.2002 OPERATING REPORT EXHIBIT 99.9 DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (JWV) MONTHLY OPERATING REPORT AS OF DECEMBER 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 December Monthly Operating Report (Attachments 1 through 9) and, to the best of my knowledge, these documents are true, correct, and complete. /s/ EDDIE J. PUSTIZZI -------------------------- Eddie J. Pustizzi Director, Accounting DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (JWV) MONTHLY OPERATING REPORT AS OF DECEMBER 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 December Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 Cruise America Travel, Incorporated Case No: 01-10966 (JWV) UNAUDITED Summary For Month Of December, 2002 Cruise America Travel, Incorporated
Balances --------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 12/01/02 As Of 12/31/02 Included Included Reconciled ------- -------------- -------------- ------------- ---------- ---------- No Bank Or Investment NA NA NA NA NA Accounts
Receipts & Disbursements Attachment 2 Cruise America Travel, Incorporated Summary Case No: 01-10966 (JWV) Cruise America Travel, Incorporated For Month Of December, 2002 Attach 2
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 (JWV) Cruise America Travel, Incorporated For Month Of December, 2002 Attach 3
No Statements Due To No Concentration Or Investment Accounts AMCV US SET OF BOOKS Date: 16-JAN-03 16:50:20 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: DEC-02 currency USD Company=29 (CAT - DQSC)
PTD-Actual 31-Dec-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 1,591,053.16) -------------- Net Income/(Loss) 1,591,053.16 ==============
AMCV US SET OF BOOKS Date: 20-JAN-03 12:59:07 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: DEC-02 currency USD Company=29 (CAT - DQSC)
YTD-Actual YTD-Actual 31-Dec-02 22-Oct-01 -------------- ------------ ASSETS Cash and Equivalent 0.00 0.00 Restricted Cash 0.00 0.00 Accounts Receivable 0.00 19,582.06 Inventories 0.00 0.00 Prepaid Expenses 0.00 565,863.67 Other Current Assets 0.00 0.00 --------------- --------------- Total Current Assets 0.00 585,445.73 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 5,172,702.34 4,474,118.72 Net Deferred Financing Fees 0.00 0.00 Net Investment in Subsidiaries 0.00 0.00 --------------- --------------- Total Other Assets 5,172,702.34 4,474,118.72 --------------- --------------- Total Assets 5,172,702.34 5,059,564.45 =============== ===============
AMCV US SET OF BOOKS Date: 20-JAN-03 12:59:07 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: DEC-02 currency USD Company=29 (CAT - DQSC)
YTD-Actual YTD-Actual 31-Dec-02 22-Oct-01 -------------- ------------ LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 0.00 0.00 Deposits 0.00 0.00 --------------- --------------- Total Current Liabilities 0.00 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 1,591,053.16 --------------- --------------- Total Liabilities 0.00 1,591,053.16 Liabilities Subject to Compromise 0.00 5,731.15 OWNER'S EQUITY Common Stock 0.00 0.00 Add'l Paid In Capital 50,000.00 50,000.00 Current Net Income (Loss) 1,581,661.84 591,526.60 Retained Earnings 3,541,040.50 2,821,253.54 --------------- --------------- Total Owner's Equity 5,172,702.34 3,462,780.14 --------------- --------------- Total Liabilities & Equity 5,172,702.34 5,059,564.45 =============== ===============
Crusie America Travel, Incorporated ATTACHMENT 6 01-10966 (JWW) Summary List of Due to/Due From Accounts For the Month Ended December 31, 2002
CASE BEGINNING ENDING AFFILIATE NAME NUMBER BALANCE DEBITS CREDITS BALANCE American Classic Voyages Co. 01-10954 (103,377.71) -- -- (103,377.71) AMCV Cruise Operations, Inc. 01-10967 (4,057,165.15) -- -- (4,057,165.15) The Delta Queen Steamboat Co. 01-10970 (256,503.82) 256,291.69 -- (212.13) 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 1,419,142.24 -- -- 1,419,142.24 Great Ocean Cruise Line, L.L.C. 01-10959 2,953,907.27 -- -- 2,953,907.27 Cape Cod Light, L.L.C. 01-10962 2,706.08 -- -- 2,706.08 Cape May Light, L.L.C. 01-10961 1,054,561.24 -- -- 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 Hawaii Properties Corporation 01-10976 1,126.92 -- -- 1,126.92 Great Independence Ship Co. 01-10969 16,321.27 -- -- 16,321.27 CAT II, Inc. 01-10968 23,133.53 -- -- 23,133.53 ------------------------------------------------------------------------ 4,916,410.65 256,291.69 -- 5,172,702.34 ========================================================================
Cruise America Travel, Incorporated 01-10966 (JWV) Accounts Receivable Aging As of December 31, 2002 Attachment 7 Not Applicable Cruise America Travel, Incorporated 01-10966 (JWV) Accounts Payable Detail As of December 31, 2002 Attachment 8 Not Applicable DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (JWV) MONTHLY OPERATING REPORT AS OF DECEMBER 30, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO DECEMBER 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. Other long-term liabilities had consisted of deferred tax assets and liabilities, net. Deferred tax assets and liabilities had been recognized for the expected future tax consequences of temporary differences between carrying amounts and the tax basis of assets and liabilities. The Debtor adjusted the recorded amounts to zero based upon the expected outcome of Chapter 11 proceedings. 2. The Debtor reclassed unused, pre-petition pre-paid airline tickets to offset related claims filed against AMCV Cruise Operations, an affiliated Debtor.