EXHIBIT 99.6
DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (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 MOELLER
- ----------------------------
Steve Moeller
Director, Accounting
DEBTOR: GREAT RIVER CRUISE LINE, L.L.C. CASE NUMBER: 01-10963 (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 Attachment 1
3:19 PM & Petty Cash Accounts
Summary Great River Cruise Line, L.L.C. UNAUDITED
Great River Case No: 01-10963 (JCA)
Cruise Line, 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
- ------- ------------- ------------- ------------- ---------- ----------
Delta Queen Steamer 92,531.04 11,195.31 Yes No - Not Yes
Hibernia Concentration
Account # - 812-395-270 Account
Delta Queen 0.00 0.00 No - Not A Bank No
Petty Cash No Activity Account
20-Jul-02 Receipts & Disbursements Attachment 2
3:20 PM Great River Cruise Line, L.L.C.
R&D - Hibernia - Case No: 01-10963 (JCA) UNAUDITED
DQ Steamer Hibernia
Delta Queen Steamer
Account # - 812-395-270
1 Jun 02 - 30 Jun 02
Opening Balance - 1 Jun 02
92,531.04
Receipts
----------
0.00 Total Receipts
Disbursements
(60,000.00) To The Delta Queen Steamboat Co. -
Hibernia - DQ Payroll Account (812-395-289)
(1,876.50) Lay-Up - Waste Removal
(350.00) Crew Maintenance (P&I)
(450.03) Crew Pay-Off - Start-Up
----------
(62,676.53) Total Disbursements (* See Footnote)
Closing Balance - 30 Jun 02
11,195.31
* $18,659.20 Of Disbursements Not Reflected In Disbursements Above Due
To Being Reimbursed By Buyer Of Assets At Closing.
20-Jul-02 Concentration & Investment Attachment 3
3:22 PM Account Statements
Summary Great River Cruise Line, L.L.C.
Great River Case No: 01-10963 (JCA)
Cruise Line, 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 09:47:26
INCOME STATEMENT - ATTACHMENT 4 Page: 1
Current Period: JUN-02
currency USD
Company=22 (DELTA QUEEN)
PTD-Actual
30-Jun-02
----------
Revenue
Gross Revenue (10,457.80)
Allowances 0.00
---------
Net Revenue (10,457.80)
Operating Expenses
Air 0.00
Hotel 0.00
Commissions 0.00
Onboard Expenses 0.00
Passenger Expenses 0.00
Vessel Expenses (1,749.12)
Layup/Drydock Expense 0.00
Vessel Insurance 967.43
---------
Total Operating Expenses (781.69)
---------
Gross Profit (9,676.11)
SG&A Expenses
Sales & Marketing 0.00
Start-Up Costs 0.00
---------
Total SG&A Expenses 0.00
---------
EBITDA (9,676.11)
Depreciation 0.00
---------
Operating Income (9,676.11)
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) (9,676.11)
Income Tax Expense 0.00
---------
Net Income/(Loss) (9,676.11)
=========
AMCV US SET OF BOOKS Date: 26-JUL-02 09:52:29
BALANCE SHEET - ATTACHMENT 5 Page: 1
Current Period: JUN-02
currency USD
Company=22 (DELTA QUEEN)
YTD-Actual YTD-Actual
30-Jun-02 22-Oct-02
------------- -------------
ASSETS
Cash and Equivalent 8,334.95 64,522.98
Restricted Cash 0.00 0.00
Accounts Receivable 500.00 33,451.42
Inventories 0.00 270,331.59
Prepaid Expenses 0.00 37,922.40
Other Current Assets 0.00 14,555.00
------------- -------------
Total Current Assets 8,834.95 420,783.39
Fixed Assets 0.00 27,296,694.44
Accumulated Depreciation 0.00 (15,065,339.51)
------------- -------------
Net Fixed Assets 0.00 12,231,354.93
Net Goodwill 0.00 0.00
Intercompany Due To/From (6,339,053.86) (9,202,583.95)
Net Deferred Financing Fees 0.00 0.00
Net Investment in Subsidiaries 0.00 0.00
------------- -------------
Total Other Assets (6,339,053.86) (9,202,583.95)
------------- -------------
Total Assets (6,330,218.91) 3,449,554.37
============= =============
AMCV US SET OF BOOKS Date: 26-JUL-02 09:52:29
BALANCE SHEET - ATTACHMENT 5 Page: 2
Current Period: JUN-02
currency USD
Company=22 (DELTA QUEEN)
YTD-Actual YTD-Actual
30-Jun-02 22-Oct-02
------------- -------------
LIABILITIES
Accounts Payable 689.27 5,758.93
Accrued Liabilities 0.00 715,443.75
Deposits 0.00 2,045,629.83
------------- -------------
Total Current Liabilities 689.27 2,766,832.51
Long Term Debt 0.00 0.00
Other Long Term Liabilities 0.00 0.00
------------- -------------
Total Liabilities 689.27 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) (7,486,660.68) (2,206,220.03)
Retained Earnings (3,085,978.45) (1,302,428.55)
------------- -------------
Total Owner's Equity (6,871,639.13) 192,351.42
------------- -------------
Total Liabilities & Equity (6,330,218.91) 3,449,554.37
============= =============
Great River Cruise ATTACHMENT 6 01-10962 (JCA)
Line, LLC 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 (6,702,809.08) 2,508.63 2,086.10 (6,702,386.55)
AMCV Cruise Operations, Inc. 01-10967 (9,443,779.62) 1,650.00 3,790.84 (9,445,920.46)
The Delta Queen Steamboat Co. 01-10970 10,421,984.53 120,179.37 -- 10,542,163.90
DQSB II, Inc. 01-10974 (367.05) -- -- (367.05)
Great AQ Steamboat, L.L.C 01-10960 168,013.44 -- -- 168,013.44
Great Pacific NW Cruise Line, L.L.C 01-10977 4,812.08 -- -- 4,812.08
Great Ocean Cruise Line, L.L.C 01-10959 503,950.75 -- -- 503,950.75
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 Cruise Line, Inc. 01-10975 (60.73) -- -- (60.73)
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
------------------------------------------------------------------
(6,457,514.92) 124,338.00 5,876.94 (6,339,053.86)
==================================================================
GREAT RIVER CRUISE LINE, L.L.C. CASE #: 01-10963 (JCA)
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
DETAIL: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL
Paymentech Credit Card Processor 0.00 0.00
American Express Credit Card Processor 0.00
Discover Credit Card Processor 0.00
Diners Credit Card Processor 0.00
Travel Agents 0.00
Crew Member 500.00 500.00
------------- -------------- ------------- ------------- -------------
Total 0.00 0.00 0.00 500.00 500.00
============= ============== ============= ============= =============
ATTACHMENT # 7
DELTA QUEEN
AP-STEAMER CHECKS
22-000-221300-00000
JUNE-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 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.
1. The Mississippi Queen, owned by the related Debtor Great Ocean Cruise
Line, LLC ("Great Ocean"), resumed voyage sailing on May 7, 2002 (the
"cut-off date"). Pursuant to the asset purchase agreement dated May
31, 2002 (the "close date"), the revenue and expenses between the
cut-off date and the close date accrued to the benefit of the
Purchaser. The cash disbursements for such expenses, made on behalf of
Great Ocean as part of the Debtors' commingled cash system, are not
reflected herein on Attachment 2. An accounts receivable for these
disbursements has been recorded on The Delta Queen Steamboat Co's
books. due to the Debtors' commingled cash management system.