EXHIBIT 99.11
DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (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: CAT II, INC. CASE NUMBER: 01-10968 (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 Of Bank And Investment Accounts Attachment 1
CAT II, Inc.
Summary Case No: 01-10968 (EIK) UNAUDITED
CAT II, Inc 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
CAT II, Inc.
Summary Case No: 01-10968 (EIK)
CAT II, 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
CAT II, Inc.
Summary Case No: 01-10968 ,(EIK)
CAT II, Inc. For Month Of January, 2002
Attach 2&3
No Statements Due To No Concentration Or Investment Accounts
AMCV US Serf OF BOOKS
INCOME STATEMENT - ATTACHMENT 4
Current Period: JAN-02
currency USD
Company=59 (CAT - AHC)
PTD-Actual
JAN-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 Expense 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
Pre-Opening 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
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) 0.00
----
Income Tax Expense 0.00
----
Net Income/(Loss) 0.00
AMCV US SET OF BOOKS
BALANCE SHEET - ATTACHMENT 5
Current Period: JAN-02
currency USD
Company=59 (CAT - AHC)
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 0.00 256,467.70
Inventories 0.00 0.00
Prepaid Expenses 2,109,063.46 1,904,155.44
Other Current Assets 0.00 0.00
------------ ------------
Total Current Assets 2,109,063.46 2,160,623.14
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 2,068,624.58 1,958,103.81
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 2,068,624.58 1,958,103.81
------------ ------------
Total Assets 4,177,688.04 4,118,726.95
------------ ------------
AMCV US Srri OF BOOKS
BALANCE SHEET - ATTACHMENT 5
Current Period: JAN-02
currency USD
Company=59 (CAT - AHC)
YTD-Actual YTD-Actual
JAN-02 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 917,296.83 939,123.43
------------ ------------
Total Liabilities 917,296.83 939,123.43
OTHER
Liabilities Subject to Compromise 0.00 0.00
------------ ------------
Total Other 0.00 0.00
OWNER'S EQUITY
Common Stock 10.00 10.00
Add'1 Paid In Capital 2,919,930.15 2,919,930.15
Current Net Income (Loss) 0.00 (735,590.03)
Retained Earnings 340,451.06 995,253.40
------------ ------------
Total Owner's Equity 3,260,391.21 3,179,603.52
------------ ------------
Total Liabilities & Equity 4,177,688.04 4,118,726.95
------------ -----------
CAT II, Inc.
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 (15,962,339.03) 2,922.41 3,176.41 (15,962,593.03)
AMCV Cruise Operations, Inc. 01-10967 (9,637,982.06) _ -- (9,637,982.06)
The Delta Queen Steamboat Co. 01-10970 100.00 -- -- 100.00
Great River Cruise Line, L.L.C 01-10963 (1,025.41) -- -- (1,025.41)
Cruise America Travel, Incorporated 01-10966 (23,133.53) -- -- (23,133.53)
Cape May Light, L.L.C 01-10961 (2,038.56) -- -- (2,038.56)
Project America, Inc. N/A (1,925.90) -- -- (1,925.90)
Oceanic Ship Co. N/A 15,529,527.96 -- -- 15,529,527.96
Ocean Development Co. 01-10972 362,391.82 -- -- 362,391.82
Great Hawaiian Properties Corporation 01-10971 (570.94) -- -- (570.94)
American Hawaiian Properties Corporation 01-10976 3,675.11 -- -- 3,675.11
Great Independence Ship Co. 01-10969 11,802,199.12 -- -- 11,802,199.12
---------------------------------------------------------------------
2,068,878.58 2,922.41 3,176.41 2,068,624.58
=====================================================================
CAT II, Inc.
Accounts Receivable Aging
As of January 31, 2002
Attachment 7
Not Applicable
CAT II, Inc.
Accounts Payable Detail
As of January 31, 2002
Attachment 8
Not Applicable
DEBTOR: CAT II, INC. CASE NUMBER: 01-10968 (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.