EXHIBIT 99.9
DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER:01-10966 (EIK)
MONTHLY OPERATING REPORT
AS OF JANUARY 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 January Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.
/s/ Nicholas J. Davison
- ------------------------------
Nicholas J. Davison
Senior Vice President, Finance
DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (EIK)
MONTHLY OPERATING REPORT
AS OF JANUARY 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 January 2002 Monthly Operating Report
Summary Summary Of Bank And Investment Accounts Attachment 1
Cruise America Cruise America Travel, Incorporated
Travel, Inc. Case No: 01-10966 (EIK) UNAUDITED
For Month Of January, 2002
Balances
---------------------------- Receipts & Bank
Opening Closing Disbursements Statements Account
Account As Of 1/01/02 As Of 1/31/02 Included Included Reconciled
- ------- ---------------------------- ------------- ---------- ----------
No Bank Or Investment NA NA NA NA NA
Accounts
Receipts & Disbursements Attachment 2
Summary Cruise America Travel, Incorporated
Cruise America Case No: 01-10966 (EIK)
Travel, Inc. For Month Of January, 2002
Attach 2&3
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 (EIK)
Cruise America For Month Of January, 2002
Travel, Inc.
Attach 2&3
No Statements Due To No Concentration Or Investment Accounts
AMCV US SET OF BOOKS
INCOME STATEMENT - ATTACHMENT 4
Current Period: JAN-02
currency USD
Company=29 (CAT - DQSC)
PTD-Actual
JAN-02
----------
Revenue
Gross Revenue 22,251.85
Allowances 0.00
---------
Net Revenue 22,251.85
Operating Expenses
Air 27,104.23
Hotel 417.60
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 27,521.83
---------
Gross Profit (5,269.98)
SG&A Expenses
Sales & Marketing 0.00
Pre-Opening Costs 0.00
---------
Total SG&A Expenses 0.00
---------
EBITDA (5,269.98)
Depreciation 0.00
---------
Operating Income (5,269.98)
Other Expense/(Income)
Interest Income 0.00
Interest Expense 0.00
Equity in Earnings for Sub 0.00
Reorganization expenses 0.00
---------
Total Other Expense/(Income) 0.00
---------
Net Pretax Income/(Loss) (5,269.98)
---------
Income Tax Expense 0.00
---------
Net Income/(Loss) (5,269.98)
---------
currency USD
Company=29 (CAT - DQSC)
AMCV US SET OF BOOKS
BALANCE SHEET - ATTACHMENT 5
Current Period: JAN-02
YTD-Actual YTD-Actual
JAN-02 OCT-01
------------ ------------
ASSETS
Cash and Equivalent 0.00 0.00
Restricted Cash 0.00 0.00
Marketable Securities 0.00 0.00
Accounts Receivable 0.00 19,582.06
Inventories 0.00 0.00
Prepaid Expenses 256,652.03 565,863.67
Other Current Assets 0.00 0.00
------------ ------------
Total Current Assets 256,652.03 585,445.73
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 4,920,896.07 4,474,118.72
Net Deferred Financing Fees 0.00 0.00
Net Investment in Subsidiaries 0.00 0.00
Other Non Current Assets 0.00 0.00
------------ ------------
Total Other Assets 4,920,896.07 4,474,118.72
------------ ------------
Total Assets 5,177,548.10 5,059,564.45
------------ ------------
AMCV US SET OF BOOKS
BALANCE SHEET - ATTACHMENT 5
Current Period: JAN-02
currency USD
Company=29 (CAT - DQSC)
YTD-Actual YTD-Actual
JAN-02 OCT-01
------------ ------------
LIABILITIES
Accounts Payable 0.00 0.00
Accrued Liabilities 724.42 0.00
Deposits 0.00 0.00
------------ ------------
Total Current Liabilities 724.42 0.00
Long Term Debt 0.00 0.00
Other Long Term Liabilities 1,591,053.16 1,591,053.16
------------ ------------
Total Liabilities 1,591,777.58 1,591,053.16
OTHER
Liabilities Subject to Compromise 0.00 5,731.15
------------ ------------
Total Other 0.00 5,731.15
OWNER'S EQUITY
Common Stock 0.00 0.00
Add'1 Paid In Capital 50,000.00 50,000.00
Current Net Income (Loss) (5,269.98) 591,526.60
Retained Earnings 3,541,040.50 2,821,253.54
------------ ------------
Total Owner's Equity 3,585,770.52 3,462,780.14
------------ ------------
Total Liabilities & Equity 5,177,548.10 5,059,564.45
------------ ------------
Cruise America Travel, Incorporated
ATTACHMENT 6
Summary List of Due To/Due From Accounts
For the Period Ending January 31, 2002
BEGINNING ENDING
AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE
---------- ------------- ---------- ---------- -------------
American Classic Voyages Co. 01-10954 (106,495.74) 13,362.10 12,186.21 (105,319.85)
AMCV Cruise Operations, Inc. 01-10967 (4,057,712.45) 1,859.32 2,495.50 (4,058,348.63)
The Delta Queen Steamboat Co. 01-10970 (269,523.37) 34,433.07 10,610.40 (245,700.70)
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 1,393,616.44 125,637.40 101,707.64 1,417,546.20
Great Ocean Cruise Line, L.L.C 01-10959 2,952,311.23 -- -- 2,952,311.23
Cape Cod Light, L.L.C 01-10962 2,706.08 -- -- 2,706.08
Cape May Light, L.L.C 01-10961 1,053,205.61 1,355.63 -- 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 Hawaiian Properties Corporation 01-10976 1,126.92 -- -- 1,126.92
Great Independence Ship Co. 01-10969 16,321.27 -- -- 16,321.27
Cat 11, Inc. 01-10968 23,133.53 -- -- 23,133.53
------------------------------------------------------------------
4,871,248.30 176,647.52 126,999.75 4,920,896.07
==================================================================
Cruise America Travel, Incorporated
Accounts Receivable Aging
As of January 31, 2002
Attachment 7
Not Applicable
Cruise America Travel, Incorporated
Accounts Payable Detail
As of January 31, 2002
Attachment 8
Not Applicable
DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (EIK)
PRELIMINARY MONTHLY OPERATING REPORT
AS OF JANUARY 31, 2002
AND
FOR THE MONTH THEN ENDED
ATTACHMENT 9
NOTES TO JANUARY MONTHLY OPERATING REPORT
The information contained herein is unaudited.
All assets presented herein continue to be held at historical book values, net
of accumulated depreciation or amortization. The Company has not attempted to
adjust its books to reflect fair market values of its assets, nor has it
attempted to adjust asset book values to reflect any potential impairments.
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 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.
2. Amount represents pre-petition pre-paid airline tickets. Amounts
representing liabilities to airlines for airline tickets and contained
in "liabilities subject to compromise" may be setoff by pre-paid
airline tickets.