EXHIBIT 99.3
DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (JCA)
MONTHLY OPERATING REPORT
AS OF JUNE 30, 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 June Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.
/s/ STEVE MOELLE
- -----------------
Steve Moeller
Director, Accounting
DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (JCA)
MONTHLY OPERATING REPORT
AS OF JUNE 30, 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 June Monthly Operating Report
20-Jul-02 Summary Of Bank, Investment & Petty Cash Accounts Attachment 1
3:08 PM Great AQ Steamboat, L.L.C.
Summary Case No: 01-10960 (JCA) UNAUDITED
Great AQ Steamboat, LLC For Month Of June, 2002
Balances
----------------------------- Receipts & Bank
Opening Closing Disbursements Statements Account
Account As Of 6/01/02 As Of 6/30/02 Included Included Reconciled
- ------- ------------- ------------- -------- -------- ----------
American Queen Steamer 0.00 0.00 No - No - Not No -
Hibernia No Activity Concentration No Activity
Account # - 812-395-343 Account
American Queen 0.00 0.00 No - Not A Bank No -
Petty Cash No Activity Account No Activity
20-Jul-02 Receipts & Disbursements Attachment 2
3:09 PM Great AQ Steamboat, L.L.C.
Summary Case No: 01-10960 (JCA)
Great AQ Steamboat, LLC For Month Of June, 2002
Attach 2
No Receipts Or Disbursements Due To All Accounts Closed
20-Jul-02 Concentration & Investment Account Statements Attachment 3
3:10 PM Great AQ Steamboat, L.L.C.
Summary Case No: 01-10960 (JCA)
Great AQ Steamboat, LLC For Month Of June, 2002
Attach 3
No Statements Due To No Concentration Or Investment Accounts
AMCV US SET OF BOOKS Date: 26-JUL-02 09:47:28
INCOME STATEMENT - ATTACHMENT 4 Page: 1
Current Period: JUN-02
currency USD
Company=23 (AMERICAN QUEEN)
PTD-Actual
30-Jun-02
----------------------
Revenue
Gross Revenue (3,843.35)
Allowances 0.00
----------------------
Net Revenue (3,843.35)
Operating Expenses
Air 0.00
Hotel 0.00
Commissions 0.00
Onboard Expenses 0.00
Passenger Expenses (568.62)
Vessel Expenses (1,439.68)
Layup/Drydock Expense 0.00
Vessel Insurance 1,523.49
----------------------
Total Operating Expenses (484.81)
----------------------
Gross Profit (3,358.54)
SG&A Expenses
Sales & Marketing 0.00
Start-Up Costs 0.00
----------------------
Total SG&A Expenses 0.00
----------------------
EBITDA (3,358.54)
Depreciation 0.00
----------------------
Operating Income (3,358.54)
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) (3,358.54)
Income Tax Expense 0.00
----------------------
Net Income/(Loss) (3,358.54)
======================
AMCV US SET OF BOOKS Date: 26-JUL-02 09:52:30
BALANCE SHEET - ATTACHMENT 5 Page: 1
Current Period: JUN-02
currency USD
Company=23 (AMERICAN QUEEN)
YTD-Actual YTD-Actual
30-Jun-02 22-Oct-02
------------------- -------------------
ASSETS
Cash and Equivalent 0.00 27,915.55
Restricted Cash 0.00 0.00
Accounts Receivable 0.00 100,111.04
Inventories 0.00 436,746.94
Prepaid Expenses 0.00 1,126.00
Other Current Assets 0.00 189,129.97
------------------- -------------------
Total Current Assets 0.00 755,029.50
Fixed Assets 0.00 76,449,630.83
Accumulated Depreciation 0.00 (23,703,366.77)
------------------- -------------------
Net Fixed Assets 0.00 52,746,264.06
Net Goodwill 0.00 0.00
Intercompany Due To/From 33,541,074.06 11,900,053.46
Net Deferred Financing Fees 0.00 561,110.86
Net Investment in Subsidiaries 0.00 0.00
------------------- -------------------
Total Other Assets 33,541,074.06 12,461,164.32
------------------- -------------------
Total Assets 33,541,074.06 65,962,457.88
=================== ===================
AMCV US SET OF BOOKS Date: 26-JUL-02 09:52:30
BALANCE SHEET - ATTACHMENT 5 Page: 2
Current Period: JUN-02
currency USD
Company=23 (AMERICAN QUEEN)
YTD-Actual YTD-Actual
30-Jun-02 22-Oct-02
------------------- -------------------
LIABILITIES
Accounts Payable 1,774.58 5,469.58
Accrued Liabilities 0.00 754,127.79
Deposits 0.00 25.00
------------------- -------------------
Total Current Liabilities 1,774.58 759,622.37
Long Term Debt 0.00 0.00
Other Long Term Liabilities 0.00 0.00
------------------- -------------------
Total Liabilities 1,774.58 759,622.37
OTHER
Liabilities Subject to Compromise 2,341,087.01 48,583,115.71
------------------- -------------------
Total Other 2,341,087.01 48,583,115.71
OWNER'S EQUITY
Common Stock 1,000.00 1,000.00
Add'l Paid In Capital 4,060,000.00 4,060,000.00
Current Net Income (Loss) 14,762,561.17 (493,470.71)
Retained Earnings 12,374,651.30 13,052,190.51
------------------- -------------------
Total Owner's Equity 31,198,212.47 16,619,719.80
------------------- -------------------
Total Liabilities & Equity 33,541,074.06 65,962,457.88
=================== ===================
GREAT AQ STEAMBOAT, LLC ATTACHMENT 6 01-10954(JCA)
SUMMARY LIST OF DUE TO/DUE FROM ACCOUNTS
FOR THE MONTH ENDED JUNE 30, 2002
Beginning Ending
Affiliate Name Case Number Balance Debits Credits Balance
American Classic Voyages Co. 01-10954 22,406,995.29 2,743.62 1,818.00 22,407,920.91
AMCV Cruise Operations, Inc. 01-10967 (22,858,441.96) 1,650.00 4,265.81 (22,861,057.77)
The Delta Queen Steamboat Co. 01-10970 38,908,998.19 16,730.36 -- 38,925,728.55
DQSB II, Inc. 01-10974 (919.60) -- -- (919.60)
Great Pacific NW Cruise Line, L.L.C. 01-10977 5,552.79 -- -- 5,552.79
Great River Cruise Line, L.L.C. 01-10963 (168,013.44) -- -- (168,013.44)
Great Ocean Cruise Line, L.L.C. 01-10959 (14,507.47) -- -- (14,507.47)
Cruise America Travel, Incorporated 01-10966 (3,165,198.27) -- -- (3,165,198.27)
Delta Queen Coastal Voyages, L.L.C. 01-10964 144,264.37 -- -- 144,264.37
Cape Cod Light, L.L.C. 01-10962 (500,000.00) -- -- (500,000.00)
Cape May Light, L.L.C. 01-10961 (1,640,241.44) -- -- (1,640,241.44)
Project America, Inc. N/A (15,864.24) -- -- (15,864.24)
Oceanic Ship Co. N/A (7,408.30) -- -- (7,408.30)
Project America Ship I, Inc. N/A 459,787.19 -- -- 459,787.19
Great Hawaiian Properties Corporation 01-10971 (22,591.38) -- -- (22,591.38)
American Hawaii Properties Corporation 01-10976 (1,496.24) -- -- (1,496.24)
Great Independence Ship Co. 01-10969 (4,881.60) -- -- (4,881.60)
----------------------------------------------------------------------
33,526,033.89 21,123.98 6,083.81 33,541,074.06
======================================================================
GREAT AQ STEAMBOAT, L.L.C.
01-10960 (JCA)
ACCOUNTS RECEIVABLE AGING
AS OF JUNE 30, 2002
ATTACHMENT 7
NOT APPLICABLE
AMERICAN QUEEN
AP-STEAMER CHECKS
23-000-221300-00000
JUNE-02
OUTSTANDING CHECKS:
17707 Tashanda Morreno-Amber Hensley 60.00
17732 Peter Levaneur-Sally Ralicki 100.00
17768 Bryant Johnson-Kenshell Lang 80.00
17779 Mark King-Rosa Trumble 170.00
17820 Joe Willett-NARP 28.00
17827 B. Grisham-AG Edwards 100.00
17828 Mark King 340.00
17837 Daniel Smith-Anastastia Jones 75.00
17848 J. Hill-Neurosurgical Specialties 117.00
17850 E. Newman- R. Ryan 250.00
17851 Louis Ford-SJ Beaulieau 225.00
17852 Jocelyn Beasley-Payoff Voucher 95.47
17853 Ben Vandeven 17.18
17854 Matt Copeland 16.93
17863 Julia Hill-Sears 100.00
---------
Total per G/L: 1,774.58
=========
ATTACHMENT # 8
DEBTOR: GREAT AQ STEAMBOAT, L.L.C. CASE NUMBER: 01-10960 (JCA)
PRELIMINARY MONTHLY OPERATING REPORT
AS OF JUNE 30, 2002
AND
FOR THE MONTH THEN ENDED
ATTACHMENT 9
NOTES TO JUNE 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.