EXHIBIT 99.13
DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (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: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (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
The Delta Queen Steamboat Co.
Summary Case No: 01-10970 EIK UNAUDITED
The Delta Queen Steamboat Co. 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
- ------- ------------- ------------- ------------- ---------- ----------
Delta Queen Controlled Disb 126,466.59 8,877.35 Yes Yes Yes
Hibernia
Account # - 542027373
Delta Queen Master Cash 154,609.13 617,186.54 Yes Yes Yes
Hibernia
Account # - 812-395-335
Delta Queen Payroll 79,094.02 317,082.24 Yes No - Not Yes
Hibernia Concentration
Account # - 812-395-289 Account
The Delta Queen Steamboat Co. 0.00 0.00 No - No - No
LaSalle - Wealth Management No Activity No Activity No Activity
Account # - TNE-043290
The Delta Queen Steamboat Co. 0.00 0.00 No- No - Not No -
AmSouth No Activity Concentration No Activity
Account # - 19356307 Account
Delta Queen 0.00 0.00 No- No - Not No
LaSalle No Activity Concentration No Activity
Account # - 5800155771 Account
DQ Credit Card 0.00 0.00 Yes No - Not Yes
Bank One Concentration
Account # - 552-0110062868 Account
DQ Master Cash 0.00 0.00 No- No - Not No -
Bank One No Activity Concentration No Activity
Account # - 552-0110256700 Account
The Delta Queen Steamboat Co 381,343.44 83,366.84 Yes No - Not Yes
Receipts Concentration
Hibernia Account
Account # - 882-390-047
The Delta Queen Steamboat Co 239,567.00 239,567.00 Yes No - Not Yes
Receipts Concentration
LaSalle Account
Account # - 5800155839
The Delta Queen Steamboat Go 0.00 0.00 No - No - Not No
Escrow Account No Activity Concentration No Activity
LaSalle Account
Account # - 62-8930-70-3
Receipts & Disbursements Attachment 2-1
The Delta Queen Steamboat Co.
R&D -Hibemia Case No: 01-10970 (EIK) UNAUDITED
DQ Controlled Disb Hibernia
Controlled Disbursements
Account # - 542027373
1 January 02 - 31 January 02
Opening Balance - 1 Jan 02
126,466.59
Receipts
804,346.45 From The Delta Queen Steam Boat Co. -
Hibernia - DQSC Master Cash - Account (812-395-335)
804,346.45 Total Receipts
Disbursements
(293.50) Air Ticket
(31,746.73) Crew Medical & Maintenance
(34,794.20) DQ Commission
(105,499.47) Payroll Related
(164,425.31) Professiona Fees
(18,082.85) SG&A Finance
(66,761.78) SG&A - I.T.
(6,734.08) SG&A- Marine Ops
(5,489.10) SG&A - Office - Chicago
(7,056.65) SG&A - Office - Honolulu
(55,663.34) SG&A - Office - NOLA
(194,564.55) SG&A - Office - Weston
(2,073.47) SG&A - Passenger Services
(32.50) SG&A - Risk
(82,836.74) SG&A - Sales & Marketing
(44,890.30) Vessel Ops - DQ
(100,991.12) Vessel Ops - Non-DQ
(921,935.69) Total Disbursements
Closing Balance - 31 Jan 02
8,877.35
ATTACHMENT 2-2
Receipts & Disbursements
The Delta Queen Steamboat Co.
R&D -HIBERNIA Case No: 01-10970 (EIK) UNAUDITED
DQ MASTER CASH Hibernia
DQ Master Cash
Account # - 812-395-335
1 January 02 - 31 January 02
Opening Balance - 1 Jan 02
154,609.13
Receipts
27,295.25 Airline Reporting Clearinghouse Reversals
80,800.00 Asset Sales
1,900,000.00 From American Classic Voyages Co - Credit Suisse
Asset Management - Account (247003452)
235,000.00 From AMCV Cruise Operations, Inc. - First Union -
AMCV Cruise Ops Master Cash - Account (2090002602362)
40,000.00 From The Delta Queen Steamboat Co. - Hibernia -
DQ Payroll - Account (812-395-289)
300,000.00 From The Delta Queen Steamboat Co. - Hibernia -
DQSC Receipts - Account (882-390-047)
43,760.00 From AMCV Cruise Operations, Inc. - New Orleans Office -
Petty Cash
53,582.66 Other Local Deposits
-------------
2,680,437.91 Total Receipts
Disbursements
(804,346.45) To The Delta Queen Steam Boat Co. -
Hibernia - DQSC Contr. Disb. - Account (542027373)
(1,218.39) Airline Reporting Clearinghouse
(55,936.12) 401 K Payroll Payments
(105,000.00) To American Classic Voyages Co. - Chase -
AMCV Medical Benefits - Account (002-2-426522)
(90,000.00) To Great AQ Steamboat, LLC - Hibernia -
AQ Steamer - Account (812-395-343)
(1,040,000.00) To The Delta Queen Steam Boat Co. - Hibernia -
DQ Payroll - Account (812-395-289)
(70,000.00) To Great River Cruise Line, LLC - Hibernia -
DQ Steamer - Account (812-395-270)
(8,472.88) Sysco
(7,987.31) Weston Security
(23,846.74) WorldCom Phone Bill
(7,390.00) Moving Expense - Miami To New Orleans
3 662.61 Other Miscellaneous Payments
--------------
(2,217,860.50) Total Disbursements
Closing Balance - 31 Jan 02
617,186.54
Receipts & Disbursements Attachment 2-3
The Delta Queen Steamboat Co.
R&D -HIBERNIA Case No: 01-10970 (EIK) UNAUDITED
DO PAYROLL Hibernia
DQ Payroll
Account # - 812-395-289
1 January 02 - 31 January 02
Opening Balance - 1 Jan 02
79,094.02
Receipts
1,040,000.00 From The Delta Queen Steam Boat Co. -
Hibernia - DQSC Master Cash - Account (812-395-335)
90,000.00 From Great AQ Steamboat LLC - Hibernia -
AQ Steamer - Account (812-395-343)
8,045.18 From American Classic Voyages Co - LaSalle
AMCV Payroll - Account (2369368)
8,236.62 From Ocean Development Corp - LaSalle
ODC Payroll - Account (5800156175)
215,979.91 Payroll Service (ADP) Reversals
-------------
1,362,261.71 Total Receipts
Disbursements
(40,000.00) From The Delta Queen Steam Boat Co. -
Hibernia - DQSC Master Cash - Account (812-395-335)
(917,374.08) Payroll - Wires
(166,899.41) Payroll - Checks
-------------
(1,124,273.49) Total Disbursements
Closing Balance - 31 Jan 02
317,082.24
Receipts & Disbursements Attachment 2-4
The Delta Queen Steamboat Co.
R&D -BankOne Case No: 01-10970 (EIK) UNAUDITED
DQ Credit Cards Bank One
Delta Queen Credit Cards
Account # - 552-0110062868
1 January 02 - 31 January 02
Opening Balance - 1 Jan 02
0.00
Receipts 773.50 Credit Card Charge Back Reversal -
Paymentech
--------
773.50 Total Receipts
Disbursements
(773.50) To Great Hawaiian Properties Corporation -
Bank One - AHC Mainland Payroll
Account (552-0110673387)
--------
(773.50)
Closing Balance - 31 Jan 02
0.00
Receipts & Disbursements Attachment 2-5
The Delta Queen Steamboat Co.
R&D -Hibernia Case No: 01-10970(EIK) UNAUDITED
DQSC Receipts Hibernia
DQSC Receipts
Account # - 882-390-047
1 January 02 - 31 January 02
Opening Balance - 1 Jan 02
381,343.44
Recei is
2,700.00 Miscellaneous Receipts
-------------
2,700.00 Total Receipts
Disbursements
(300,000.00) To The Delta Queen Steamboat Co - Hibernia -
DQ Master Cash - Account (812-395-335)
(76.60) Credit Card Processor Fees
(600.00) Credit Card Chargeback
-------------
(300,676.60) Total Disbursements
Closing Balance - 31 Jan 02
83,366.84
Receipts & Disbursements Attachment 2-6
The Delta Queen Steamboat Co.
R&D - LaSalle Case No: 01-10970 (EIK) UNAUDITED
DQSC Receipts LaSalle
DQSC Receipts
Account # - 5800155839
1 January 02 - 31 January 02
Opening. Balance - 1 Jan 02
239,567.00
Receipts
-----------
0.00 Total Receipts
Disbursements
-----------
0.00 Total Disbursements
Closing Balance - 31 Jan 02
239,567.00
AMCV US SET OF BOOKS Date:
INCOME STATEMENT - ATTACHMENT 4
Current Period: JAN-02
currency USD
Company=20 (DELTA QUEEN STEAM CO)
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 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
Pre-Opening Costs 0.00
-------------
Total SG&A Expenses 0.00
-------------
EBITDA 0.00
Depreciation 43,290.79
-------------
Operating Income 43,290.79)
Other Expense/(Income)
Interest Income (199.10)
Interest Expense 0.00
Equity in Earnings for Sub (1,084,567.24)
Reorganization expenses 0.00
-------------
Total Other Expense/(Income) 1,084,368.14
-------------
Net Pretax Income/(Loss) (1,127,658.93)
-------------
Income Tax Expense 0.00
-------------
Net Income/(Loss) (1,127,658.93)
-------------
AMCV US SET OF BOOKS Date:
BALANCE SHEET - ATTACHMENT 5
Current Period: JAN-02
currency USD
Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual
JAN-02 OCT-01
-------------- --------------
ASSETS
Cash and Equivalent 604,299.03 2,494,983.63
Restricted Cash 83,366.84 0.00
Marketable Securities 0.00 0.00
Accounts Receivable 350,782.90 0.00
Inventories 630,917.11 840,779.06
Prepaid Expenses 0.00 13,147.33
Other Current Assets 0.00 0.00
-------------- --------------
Total Current Assets 1,669,365.88 3,348,910.02
Fixed Assets 8,121,545.75 8,202,345.75
Accumulated Depreciation (5,325,988.49) (5,195,800.16)
-------------- --------------
Net Fixed Assets 2,795,557.26 3,006,545.59
Net Goodwill 0.00 0.00
Intercompany Due To/From 39,245,495.09 37,437,552.28
Net Deferred Financing Fees 0.00 5,434.15
Net Investment in Subsidiaries 32,136,466.21 33,999,708.26
Other Non Current Assets 0.00 0.00
-------------- --------------
Total Other Assets 71,381,961.30 71,442,694.69
-------------- --------------
Total Assets 75,846,884.44 77,798,150.30
-------------- --------------
AMCV US SET OF BOOKS Date:
BALANCE SHEET - ATTACHMENT 5
Current Period: JAN-02
currency USD
Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual
JAN-02 OCT-01
-------------- --------------
LIABILITIES
Accounts Payable 0.00 0.00
Accrued Liabilities 47,399.57 0.00
Deposits 0.00 0.00
-------------- --------------
Total Current Liabilities 47,399.57 0.00
Long Tern Debt 0.00 0.00
Other Long Term Liabilities 9,993,779.93 9,993,779.93
-------------- --------------
Total Liabilities 10,041,179.50 9,993,779.93
OTHER
Liabilities Subject to Compromise 577,835.68 577,835.68
-------------- --------------
Total Other 577,835.68 577,835.68
OWNER'S EQUITY
Common Stock 1,000.00 1,000.00
Add'1 Paid In Capital 33,564,332.71 33,564,332.71
Current Net Income (Loss) (1,127,658.93) (2,866,520.92)
Retained Earnings 32,790,195.48 36,527,722.90
-------------- --------------
Total Owner's Equity 65,227,869.26 67,226,534.69
-------------- --------------
Total Liabilities & Equity 75,846,884.44 77,798,150.30
-------------- --------------
ATTACHMENT 6
The Delta Queen Steamboat Co.
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 (4,765,381.15) 1,628,241.15 2,723,076.34 (5,860,216.34)
AMCV Cruise Operations, Inc. 01-10967 101,335,775.02 914,929.86 52,415.91 102,198,288.97
Great AQ Steamboat, L.L.C. 01-10960 (17,006,151.42) -- 99,171.80 (17,105,323.22)
Great Pacific NW Cruise Line, L.L.C. 01-10977 (8,436,809.68) -- -- (8,436,809.68)
Great River Cruise Line, L.L.C. 01-10963 (6,712,972.51) 91,028.02 212,661.44 (6,834,605.93)
Great Ocean Cruise Line, L.L.C. 01-10959 (14,349,980.10) -- 267,666.17 (14,617,646.27)
Cruise America Travel, Incorporated 01-10966 269,523.37 3,472.58 27,295.25 245,700.70
Delta Queen Coastal Voyages, L.L.C. 01-10964 (901,221.80) -- -- (901,221.80)
Cape Cod Light, L.L.C. 01-10962 (1,436,292.11) -- -- (1,436,292.11)
Cape May Light, L.L.C. 01-10961 (8,452,294.56) -- 14,153.55 (8,466,448.11)
Project America, Inc. N/A (2,936,984.22) -- -- (2,936,984.22)
Oceanic Ship Co. N/A (126,934.33) -- 9,876.10 (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 2,221,004.51 1,865.60 8,236.62 2,214,633.49
Great Hawaiian Cruise Line, Inc. 01-10975 (1,286.35) -- (1,286.35)
Great Hawaiian Properties Corporation 01-10971 856,702.41 391,771.36 1,400.00 1,247,073.77
American Hawaiian Properties Corporation 01-10976 49,579.61 -- 6,029.32 43,550.29
Great Independence Ship Co. 01-10969 (27,551.11) -- 55,533.72 (83,084.83)
Cat 11, Inc. 01-10968 (100.00) -- -- (100.00)
-------------- ------------- ------------- --------------
39,691,702.74 3,031,308.57 3,477,516.22 39,245,495.09
============== ============= ============= ==============
THE DELTA QUEEN STEAMBOAT COMPANY
ACCOUNTS RECEIVABLE AGING
AS OF JANUARY 31, 2002
ATTACHMENT 7
NOT APPLICABLE
THE DELTA QUEEN STEAMBOAT COMPANY
ACCOUNTS PAYABLE DETAIL
AS OF JANUARY 31, 2002
ATTACHMENT 8
NOT APPLICABLE
DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (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. Physical counts have now been performed internally all inventory
amounts.
2. 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.