EX-99.13 16 g80749exv99w13.txt THE DELTA QUEEN STEAMBOAT CO. MOR EXHIBIT 99.13 DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JWV) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2003 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 January 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: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JWV) MONTHLY OPERATING REPORT AS OF JANUARY 31, 2003 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 January Monthly Operating Report Summary Of Bank And Investment Accounts Attachment 1 The Delta Queen Steamboat Co. Summary Case No: 01-10970 (JWV) UNAUDITED The Delta Queen Steamboat Co. For Month Of January, 2003
Balances --------------------------------- Receipts & Bank Opening Closing Disbursements Statements Account Account As Of 01/01/03 As Of 01/31/03 Included Included Reconciled ------- -------------- -------------- ------------- ---------- ---------- Delta Queen Controlled Disb 0.00 3,275.00 Yes Yes Yes Hibernia Account # - 542027373 Delta Queen Master Cash 183,350.85 139,057.84 Yes Yes Yes Hibernia Account # - 812-395-335 Delta Queen Payroll 4,043.59 58,755.98 Yes No - Not Yes Hibernia Concentration Account # - 812-395-289 Account The Delta Queen Steamboat Co 554,266.68 554,823.09 Yes No - Not Yes Escrow Account - DQ/DN IDCC Concentration LaSalle Account Account # - 62-9003-40-1 The Delta Queen Steamboat Co 27,986,143.56 27,514,570.20 Yes No - Not Yes LaSalle - Investment Account Concentration 03-9042-30-4 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 - Escrow Account Account Account Account LaSalle Closed Closed Closed Account # - 62-8930-70-3 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 No - No - No - Bank One Account Account Account Account # - 552-0110062868 Closed Closed Closed 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 0.00 0.00 No - No - No - Receipts Account Account Account Hibernia Closed Closed Closed 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 No - No - No - Escrow Account - DQ/DN - Seller Proration Account Account Account LaSalle Closed Closed Closed Account # - 62-9003-42-7
Receipts & Disbursements Attachment 2-1 The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JWV) UNAUDITED DQ Controlled Disb Hibernia Controlled Disbursements Account # - 542027373 1 January 03 - 31 January 03 Opening Balance - 1 January 03 0.00 Receipts 276,678.14 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ------------ 276,678.14 Total Receipts Disbursements (3,727.96) To The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) (761.49) Crew Maintenance & Medical 0.00 O/S Post Petition Drydock Invoices (93,295.09) Professional Fees (107,154.03) SG&A - Chicago (6,763.34) SG&A - Weston (23,482.49) SG&A - NOLA (38,218.74) Legal Fees P&I Claims 0.00 Quarterly US Trustee Fee 0.00 Replenish Petty Cash ------------ (273,403.14) TOTAL DISBURSEMENTS Closing Balance - 31 January 03 3,275.00
Receipts & Disbursements Attachment 2-2 The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JWV) UNAUDITED DQ Master Cash Hibernia DQ Master Cash Account # - 812-395-335 1 January 03 - 31 January 03 Opening Balance - 1 January 03 183,350.85 Receipts 3,727.96 To The Delta Queen Steam Boat Co. - Hibernia - DQSC Contr. Disb. - Account (542027373) 500,000.00 From Delta Queen Steamboat CO - LaSalle Investment Acct (#039042304) 77,009.54 Refund of unexpired vessel insurance premiums ------------ 580,737.50 Total Receipts Disbursements (276,678.14) To The Delta Queen Steam Boat Co. - Hibernia - DQSC Contr. Disb. - Account (542027373) (24,200.00) Postage - Logan & Company (463.48) Hibernia National Bank - Fees (150,000.00) To The Delta Queen Steam Boat Co Payroll Acct (812395289) - Hibernia - (25,000.00) Professional Fees - Waveland WI-DQSC (106,317.00) Professional Fees - Latham & Watkins (27,304.04) Professional Fees Walsh,Monzack & Monaco Professional Fees - Hahn & Hessen (15,067.85) Professional Fees - Policano & Manzo Professional Fees - AMA/Chanin (625,030.51) Total Disbursements Closing Balance - 31 January 03 139,057.84
Receipts & Disbursements Attachment 2-3 The Delta Queen Steamboat Co. R&D - Hibernia Case No: 01-10970 (JWV) UNAUDITED DQ Payroll Hibernia DQ Payroll Account # - 812-395-289 1 January 03 - 31 January 03 Opening Balance - 1 January 03 4,043.59 Receipts 150,000.00 From The Delta Queen Steam Boat Co. - Hibernia - DQSC Master Cash - Account (812-395-335) ---------- 150,000.00 Total Receipts Disbursements (95,287.61) Payroll - Wires & Checks ---------- (95,287.61) Total Disbursements Closing Balance - 31 January 03 58,755.98
Receipts & Disbursements Attachment 2-4 The Delta Queen Steamboat Co. R&D - LaSalle Case No: 01-10970 (JWV) UNAUDITED DQ-DN IDCC Escrow LaSalle DQ-DN IDCC Escrow Account # - 62-9003-40-1 1 January 03 - 31 January 03 Opening Balance - 1 January 03 554,266.68 Receipts 556.41 Interest Income ---------- 556.41 Total Receipts Disbursements 0.00 Disbursement to DNPS for settlement of passenger priority claims ---------- 0.00 Total Disbursements Closing Balance - 31 January 03 554,823.09
Receipts & Disbursements Attachment 2-5 The Delta Queen Steamboat Co. R&D - LaSalle Case No: 01-10970 (JWV) UNAUDITED Investment LaSalle - Investment Account Account # - 03-9042-30-4 1 January 03 - 31 January 03 Opening Balance - 1 January 03 27,986,143.56 Receipts 28,426.64 Interest Earned ------------- 28,426.64 Total Receipts Disbursements (500,000.00) To Delta Queen Steamboat CO Master Cash Hibernia # 812-395-335 ------------- (500,000.00) Total Disbursements Closing Balance - 31 January 03 27,514,570.20
AMCV US SET OF BOOKS Date: 12-FEB-03 15:51:08 INCOME STATEMENT - ATTACHMENT 4 Page: 1 Current Period: JAN-03 currency USD Company=20 (DELTA QUEEN STEAM CO)
PTD-Actual 31-Jan-03 ---------- 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 (52,194.20) Reorganization expenses 0.00 ---------- Total Other Expense/(Income) 52,194.20 ---------- Net Pretax Income/(Loss) (52,194.20) Income Tax Expense 0.00 ---------- Net Income/(Loss) (52,194.20) ==========
AMCV US SET OF BOOKS Date: 12-FEB-03 15:59:04 BALANCE SHEET - ATTACHMENT 5 Page: 1 Current Period: JAN-03 currency USD Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual 31-Jan-03 22-Oct-01 ---------- ---------- ASSETS Cash and Equivalent 27,712,384.02 2,494,983.63 Restricted Cash 554,823.09 0.00 Accounts Receivable 12,000.00 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 28,279,207.11 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 13,278,584.15 37,437,552.28 Net Deferred Financing Fees 0.00 5,434.15 Net Investment in Subsidiaries (88,358,474.26) 33,999,708.26 --------------- --------------- Total Other Assets (75,079,890.11) 71,442,694.69 --------------- --------------- Total Assets (46,800,683.00) 77,798,150.30 =============== ===============
AMCV US SET OF BOOKS Date: 12-FEB-03 15:59:04 BALANCE SHEET - ATTACHMENT 5 Page: 2 Current Period: JAN-03 currency USD Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual 31-Jan-03 22-Oct-01 ---------- ---------- LIABILITIES Accounts Payable 0.00 0.00 Accrued Liabilities 32,181.62 0.00 Deposits 0.00 0.00 --------------- --------------- Total Current Liabilities 32,181.62 0.00 Long Term Debt 0.00 0.00 Other Long Term Liabilities 0.00 9,993,779.93 --------------- --------------- Total Liabilities 32,181.62 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) (52,194.20) (2,866,520.92) Retained Earnings (80,923,838.81) 36,527,722.90 --------------- --------------- Total Owner's Equity (47,410,700.30) 67,226,534.69 --------------- --------------- Total Liabilities & Equity (46,800,683.00) 77,798,150.30 =============== ===============
The Delta Queen Steamboat Co. ATTACHMENT 6 01-10970 (JWV) Summary List of Due To/Due From Accounts For the Month Ended January 31, 2003
CASE BEGINNING ENDING AFFILIATE NAME 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 104,066,642.75 560,163.87 151,547.46 104,475,259.16 Great AQ Steamboat, L.L.C 01-10960 (38,683,644.53) 1,088.00 -- (38,682,556.53) Great Pacific NW Cruise Line, L.L.C 01-10977 (8,346,079.92) -- -- (8,346,079.92) Great River Cruise Line, L.L.C 01-10963 (10,506,769.28) 15,894.54 -- (10,490,874.74) Great Ocean Cruise Line, L.L.C 01-10959 (17,249,244.86) 15,140.47 860.00 (17,234,964.39) Cruise America Travel, Incorporated 01-10966 212.13 -- -- 212.13 Delta Queen Coastal Voyages, L.L.C 01-10964 (880,428.81) 20,931.19 -- (859,497.62) 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) -------------- ---------- ----------- -------------- 12,817,773.54 613,218.07 152,407.46 13,278,584.15 ============== ========== =========== ==============
THE DELTA QUEEN STEAMBOAT CO. CASE #: 01-10970 (JWV) ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL Delaware North 12,000.00 12,000.00 American Express Credit Card Processor 0.00 Discover Credit Card Processor 0.00 Diners Credit Card Processor 0.00 Travel Agents 0.00 Crew Member 0.00 ---- ---- ---- --------- --------- Total 0.00 0.00 0.00 12,000.00 12,000.00 ==== ==== ==== ========= =========
ATTACHMENT # 7 The Delta Queen Steamboat Company 01-10970 (JWV) Accounts Payable Detail As of January 31, 2003 Attachment 8 Not Applicable DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JWV) MONTHLY OPERATING REPORT AS OF DECEMBER 30, 2002 AND FOR THE MONTH THEN ENDED ATTACHMENT 9 NOTES TO JANUARY 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 October, a majority of the receivable balance was collected. Receipt of the remaining balance is awaiting transfer of title documentation.