EXHIBIT 99.6
DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (EIK)
MONTHLY OPERATING REPORT
AS OF MARCH 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 March 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: Great River Cruise Line, L.L.C. Case Number: 01-10963 (EIK)
Monthly Operating Report
As of March 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 March Monthly Operating Report
16-Apr-02 Attachment 1
8:50 AM
Summary UNAUDITED
Great River Cruise Line, LLC
Summary Of Bank, Investment & Petty Cash Accounts
Great River Cruise Line, L.L.C.
Case No: 01-10963 (EIK)
For Month Of March, 2002
Balances
------------------------------ Receipts & Bank
Opening Closing Disbursements Statements Account
Account As Of 3/01/02 As Of 3/31/02 Included Included Reconciled
- ------- ------------- ------------- -------- -------- ----------
Delta Queen Steamer 71,446.22 112,717.03 Yes No - Not Yes
Hibernia Concentration
Account # - 812-395-270 Account
Delta Queen 0.00 0.00 No - Not A Bank Yes
Petty Cash No Activity Account
16-Apr-02 Attachment 2-1
10:15 AM
R&D - Hibernia - DQ Steamer UNAUDITED
Receipts & Disbursements
Great River Cruise Line, L.L.C.
Case No: 01-10963 (EIK)
Hibernia
Delta Queen Steamer
Account # - 812-395-270
1 March 02 - 31 March 02
Opening Balance - 1 Mar 02
71,446.42
Receipts
170,000.00 From The Delta Queen Steam Boat Co. -
Hibernia - DQSC Master Cash -
Account (812-395-335)
-----------
170,000.00 Total Receipts
Disbursements
(1,799.50) Consulting
(3,969.00) Employee Payment
(494.10) IT Support
(268.30) Office Services
(828.20) Office Supplies
(3,474.95) Passenger Services Material
(996.74) Petty Cash
(82,384.77) Sales & Marketing
(100.00) Shipping
(4,668.88) Temporary Help
(26,077.45) Vessel Material
(3,667.50) Vessel Services
-----------
(128,729.39) Total Disbursements
Closing Balance - 31 Mar 02
112,717.03
16-Apr-02 Attachment 3
8:51 AM
Summary
Great River Cruise Line, LLC
Attach 3
Concentration & Investment Account Statements
Great River Cruise Line, L.L.C.
Case No: 01-10963 (EIK)
For Month Of March, 2002
No Statements Due To No Concentration Or Investment Accounts
AMCV US SET OF BOOKS Date: 19-APR-02 08:27:32
INCOME STATEMENT - ATTACHMENT 4 Page: 1
Current Period: MAR-02
currency USD
Company=22 (DELTA QUEEN)
PTD-Actual
31-Mar-02
------------
Revenue
Gross Revenue (4,406.00)
Allowances (8,350.02)
------------
Net Revenue (12,756.02)
Operating Expenses
Air 0.00
Hotel 0.00
Commissions 0.00
Onboard Expenses 136.21
Passenger Expenses 26,805.39
Vessel Expenses 23,479.94
Layup/Drydock Expense 69,833.00
Vessel Insurance 57,677.66
------------
Total Operating Expenses 177,932.20
------------
Gross Profit (190,688.22)
SG&A Expenses
Sales & Marketing 0.00
Start-Up Costs 0.00
------------
Total SG&A Expenses 0.00
------------
EBITDA (190,688.22)
Depreciation 0.00
------------
Operating Income (190,688.22)
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) (190,688.22)
Income Tax Expense 0.00
------------
Net Income/(Loss) (190,688.22)
============
AMCV US SET OF BOOKS Date: 18-APR-02 17:04:11
BALANCE SHEET - ATTACHMENT 5 Page: 1
Current Period: MAR-2
currency USD
Company=22 (DELTA QUEEN)
YTD-Actual YTD-Actual
31-Mar-02 22-Oct-01
--------------- ---------------
ASSETS
Cash and Equivalent 49,722.98 64,522.98
Restricted Cash 0.00 0.00
Accounts Receivable 68,637.17 33,451.42
Inventories 169,987.44 270,331.59
Prepaid Expenses 0.00 37,922.40
Other Current Assets 0.00 14,555.00
--------------- ---------------
Total Current Assets 288,347.59 420,783.39
Fixed Assets 27,296,694.44 27,296,694.44
Accumulated Depreciation (15,431,916.01) (15,065,339.51)
--------------- ---------------
Net Fixed Assets 11,864,778.43 12,231,354.93
Net Goodwill 0.00 0.00
Intercompany Due To/From (10,535,875.05) (9,202,583.95)
Net Deferred Financing Fees 0.00 0.00
Net Investment in Subsidiaries 0.00 0.00
--------------- ---------------
Total Other Assets (10,535,875.05) (9,202,583.95)
--------------- ---------------
Total Assets 1,617,250.97 3,449,554.37
=============== ===============
AMCV US SET OF BOOKS Date: 18-APR-02 17:04:11
BALANCE SHEET - ATTACHMENT 5 Page: 2
Current Period: MAR-2
currency USD
Company=22 (DELTA QUEEN)
YTD-Actual YTD-Actual
31-Mar-02 22-Oct-01
-------------- --------------
LIABILITIES
Accounts Payable 689.27 5,758.93
Accrued Liabilities 1,032,201.39 715,443.75
Deposits 355,300.71 2,045,629.83
-------------- --------------
Total Current Liabilities 1,388,191.37 2,766,832.51
Long Term Debt 0.00 0.00
Other Long Term Liabilities 0.00 0.00
-------------- --------------
Total Liabilities 1,388,191.37 2,766,832.51
OTHER
Liabilities Subject to Compromise 540,730.95 490,370.44
-------------- --------------
Total Other 540,730.95 490,370.44
OWNER'S EQUITY
Common Stock 0.00 0.00
Add'l Paid In Capital 3,701,000.00 3,701,000.00
Current Net Income (Loss) (926,692.90) (2,206,220.03)
Retained Earnings (3,085,978.45) (1,302,428.55)
-------------- --------------
Total Owner's Equity (311,671.35) 192,351.42
-------------- --------------
Total Liabilities & Equity 1,617,250.97 3,449,554.37
============== ==============
Great River Cruise Line, LLC 01-10963 (JCA)
ATTACHMENT 6
Summary List of Due To/Due From Accounts
For the Month Ended March 31, 2002
BEGINNING ENDING
AFFILIATE NAME CASE ID# BALANCE DEBITS CREDITS BALANCE
American Classic Voyages Co. 01-10954 (6,707,630.20) 4,709.58 -- (6,702,920.62)
AMCV Cruise Operations, Inc. 01-10967 (9,491,968.54) 137,607.73 76,269.35 (9,430,630.16)
The Delta Queen Steamboat Co. 01-10970 6,833,173.43 208,919.57 237,313.06 6,804,779.94
DQSB II, Inc. 01-10974 (367.05) -- -- (367.05)
Great AQ Steamboat, L.L.C 01-10960 167,391.63 -- -- 167,391.63
Great Pacific NW Cruise Line, L.L.C 01-10977 2,052.08 -- -- 2,052.08
Great Ocean Cruise Line, L.L.C 01-10959 (49,604.28) 82,682.65 -- 33,078.37
Cruise America Travel, Incorporated 01-10966 (1,419,142.24) -- -- (1,419,142.24)
Delta Queen Coastal Voyages, L.L.C 01-10964 18,978.71 -- -- 18,978.71
Cape Cod Light, L.L.C 01-10962 (270.05) -- -- (270.05)
Cape May Light, L.L.C 01-10961 33,543.95 -- -- 33,543.95
Project America, Inc. N/A (11,144.65) -- -- (11,144.65)
Oceanic Ship Co. N/A (257.75) -- -- (257.75)
Great Hawaiian Properties Corporation 01-10971 (41,555.00) -- -- (41,555.00)
American Hawaii Properties Corporation 01-10976 9,562.38 -- -- 9,562.38
CAT II, Inc. 01-10968 1,025.41 -- -- 1,025.41
-----------------------------------------------------------
(10,656,212.17) 433,919.53 313,582.41 (10,535,875.05)
===========================================================
GREAT RIVER CRUISE LINE, L.L.C. CASE#: 01-10963 (EIK)
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL
Paymentech Credit Card Processor 17,263.57 41,929.85 8,943.75 68,137.17
American Express Credit Card Processor --
Discover Credit Card Processor --
Diners Credit Card Processor --
Travel Agents --
Crew Member 500.00 500.00
----------------------------------------------------------
Total -- 17,763.57 41,929.85 8,943.75 68,637.17
==========================================================
ATTACHMENT #7
DELTA QUEEN
AP-STEAMER CHECKS
22-000-221300-00000
MARCH-02
OUTSTANDING CHECKS:
12333 M. Richardson-Walmart 40.00
12335 J. Blasier-Capitol One 20.00
12385 J. Blasier-K. Hansen 150.00
12399 Peoria Historical Society 120.00
12404 Anthony May-Verizon 200.00
12408 Peoria Historical Society 160.00
--------
Total per G/L: 690.00
========
ATTACHMENT #8
DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963(JCA)
PRELIMINARY MONTHLY OPERATING REPORT
AS OF MARCH 31, 2002
AND
FOR THE MONTH THEN ENDED
ATTACHMENT 9
NOTES TO MARCH 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 inventory counts have been performed internally for food and
beverage. An evaluation of fuel inventory pricing has been performed and
carrying values have been adjusted accordingly. Other inventory amounts
have been adjusted to amounts contained in the Debtor's computer systems.
The Debtor estimates that it would cost up to $50,000 to perform physical
counts of the inventories of The Delta Queen Steamboat Company and its
subsidiaries. Should physical inventory counts be performed, amounts
recorded as inventory on the Debtor's books and records could change
materially.
2. The Debtor continued to operate its primary asset, the Delta Queen,
through January 4, 2002. The Debtor has now ceased to record depreciation
expense due to the wet dock status of the vessel and has not adjusted
asset values pending the outcome of Chapter 11 proceedings. The Debtor has
continued to record all post-petition accruals for its next scheduled
lay-up.
3. The Debtor has been unable to negotiate acceptable contract terms with
credit card processors other than its primary processor, Paymentech.
Accordingly, the Debtor has written off prepetition receivables which
cannot be processed for collection.