EXHIBIT 99.13
DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JCA)
MONTHLY OPERATING REPORT
AS OF SEPTEMBER 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 September 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: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JCA)
MONTHLY OPERATING REPORT
AS OF SEPTEMBER 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 September Monthly Operating Report
Summary Of Bank And Investment Accounts Attachment 1
The Delta Queen Steamboat Co.
Summary Case No: 01-10970 (JCA) UNAUDITED
The Delta Queen Steamboat Co. For Month Of September, 2002
Balances
-------------------------------- Receipts & Bank
Opening Closing Disbursements Statements Account
Account As Of 9/01/02 As Of 9/30/02 Included Included Reconciled
- ------- ------------- ------------- -------- -------- ----------
Delta Queen Controlled Disb 0.00 586.08 Yes Yes Yes
Hibernia
Account # - 542027373
Delta Queen Master Cash 619,066.63 100,867.79 Yes Yes Yes
Hibernia
Account # - 812-395-335
Delta Queen Payroll 26,689.45 52,819.93 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 Account Account Account
Account # - TNE-043290 Closed Closed Closed
The Delta Queen Steamboat Co. 0.00 0.00 No - No - No -
AmSouth Account Account Account
Account # - 19356307 Closed Closed Closed
Delta Queen 0.00 0.00 No - No - No -
LaSalle Account Account Account
Account # - 5800155771 Closed Closed Closed
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 - No -
Bank One Account Account Account
Account # - 552-0110256700 Closed Closed Closed
The Delta Queen Steamboat Co 18,783.04 0.00 Yes No - Not Yes
Receipts Concentration
Hibernia Account
Account # - 882-390-047
The Delta Queen Steamboat Co 0.00 0.00 No - No - No -
Receipts Account Account Account
LaSalle Closed Closed Closed
Account # - 5800155839
The Delta Queen Steamboat Co 80.78 0.00 Yes No - Not Yes
Escrow Account Concentration
LaSalle Account
Account # - 62-8930-70-3
The Delta Queen Steamboat Co 751,757.58 752,631.50 Yes No - Not Yes
Escrow Account - DQ/DN IDCC Concentration
LaSalle Account
Account # - 62-9003-40-1
The Delta Queen Steamboat Co 250,585.86 250,877.17 Yes No - Not Yes
Escrow Account - DQ/DN - Seller Proration Concentration
LaSalle Account
Account # - 62-9003-42-7
The Delta Queen Steamboat Co 31,480,509.70 29,875,518.17 Yes No - Not Yes
LaSalle - Investment Account Concentration
03-9042-30-4 Account
Receipts & Disbursements Attachment 2-1
The Delta Queen Steamboat Co.
R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED
DQ Controlled Disb Hibernia
Controlled Disbursements
Account # - 542027373
1 September 02 - 30 September 02
Opening Balance - 1 September 02
0.00
Receipts
142,561.74 From The Delta Queen Steam Boat Co. -
Hibernia - DQSC Master Cash - Account (812-395-335)
-----------
142,561.74 Total Receipts
Disbursements
(668.00) Crew Maintenance & Medical
(169.53) FedEx
(450.00) Lay-Up
(75.85) Office - Chicago
(1,757.94) Office - NOLA
(7,835.02) Office - Weston
(94,474.97) Professional Fees - Logan & CO
(958.26) SG&A - Finance
(1,451.25) SG&A - NOLA ( O/S Marketing Invoice)
(12,122.92) Legal Services
(5,525.78) SEC Filings
(10,207.54) Taxes & Tax Services
(2,332.00) Other Vessel Expense - O/S Storage invoice
(2,664.58) Outside Temp Services
(344.52) O/S Check replacements
(937.50) Bank Error - Monies withdrawn from Hibernia and credited
to DQSC Master Cash Acct # 812395335
-----------
(141,975.66) TOTAL DISBURSEMENTS
Closing Balance - 30 September 02
586.08
Receipts & Disbursements Attachment 2-2
The Delta Queen Steamboat Co.
R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED
DQ Master Cash Hibernia
DQ Master Cash
Account # - 812-395-335
1 September 02 - 30 September 02
Opening Balance - 1 September 02
619,066.63
Receipts
61,200.26 From American Classic Voyages Co - Credit Suisse
Asset Management - Account (247003452)
1,650,000.00 From Delta Queen Steamboat CO - LaSalle
Investment Acct (#039042304)
18,783.04 From Delta Queen Steamboat CO - Hibernia
DQSC Receipt Acct # 882390047
937.50 Bank Error - Monies credited from Hibernia and withdrawn from
AMCV
Controll Disbursement Acct # 542027373
11,105.72 From Great Ocean Cruise Line - Hibernia
MQ Steamer Acct # 812502719
7,938.00 From Great River Cruise Line - Hibernia
DQ Steamer Acct # 812395270
-------------
1,749,964.52 Total Receipts
Disbursements
(142,561.74) To The Delta Queen Steam Boat Co. -
Hibernia - DQSC Contr. Disb. - Account (542027373)
(900,000.00) P&I Insurance Policy
(39.31) Hibernia National Bank - Fees
(475,000.00) To The Delta Queen Steam Boat Co Payroll Acct (812395289) -
Hibernia -
(85,933.26) Professional Fees - Latham & Watkins
(36,098.72) Professional Fees Walsh,Monzack & Monaco
(273,925.18) Professional Fees - Hahn & Hessen
(280,000.00) Merger and Acquisition Fee - Kingsbury Partners
(74,605.15) Professional Fees - Policano & Manzo
-------------
(2,268,163.36) Total Disbursements
Closing Balance - 30 September 02
100,867.79
Receipts & Disbursements Attachment 2-3
The Delta Queen Steamboat Co.
R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED
DQ Payroll Hibernia
DQ Payroll
Account # - 812-395-289
1 September 02 - 30 September 02
Opening Balance - 1 September 02
26,689.45
Receipts
475,000.00 From The Delta Queen Steam Boat Co. -
Hibernia - DQSC Master Cash - Account (812-395-335)
-----------
475,000.00 Total Receipts
Disbursements
(448,869.52) Payroll - Wires & Checks
-----------
(448,869.52) Total Disbursements
Closing Balance - 30 September 02
52,819.93
Receipts & Disbursements Attachment 2-4
The Delta Queen Steamboat Co.
R&D - BankOne Case No: 01-10970 (JCA) UNAUDITED
DQ Credit Cards Bank One
Delta Queen Credit Cards
Account # - 552-0110062868
1 September 02 - 30 September 02
Opening Balance - 1 September 02
0.00
Receipts
0.00
----
0.00 Total Receipts
Disbursements
0.00
----
0.00
Closing Balance - 30 September 02
0.00
Receipts & Disbursements Attachment 2-5
The Delta Queen Steamboat Co.
R&D - Hibernia Case No: 01-10970 (JCA) UNAUDITED
DQSC Receipts Hibernia
DQSC Receipts
Account # - 882-390-047
1 September 02 - 30 September 02
Opening Balance - 1 September 02
18,783.04
Receipts
----------
0.00 Total Receipts
Disbursements
(18,783.04) To Delta Queen Steamboat CO -
Hibernia Master Cash Acct # 812395335
----------
(18,783.04) Total Disbursements
Closing Balance - 30 September 02
0.00
Receipts & Disbursements Attachment 2-6
The Delta Queen Steamboat Co.
R&D - LaSalle Case No: 01-10970 (JCA) UNAUDITED
DQSC Escrow LaSalle
DQSC Escrow
Account # - 62-8930-70-3
1 September 02 - 30 September 02
Opening Balance - 1 September 02
80.78
Receipts
Interest Income
------
0.00 Total Receipts
Disbursements
(80.78) Fees
------
(80.78) Total Disbursements
Closing Balance - 30 September 02
0.00
Receipts & Disbursements Attachment 2-7
The Delta Queen Steamboat Co.
R&D - LaSalle Case No: 01-10970 (JCA) UNAUDITED
DQ-DN IDCC Escrow LaSalle
DQ-DN IDCC Escrow
Account # - 62-9003-40-1
1 September 02 - 30 September 02
Opening Balance - 1 September 02
751,757.58
Receipts
873.92 Interest Income
----------
873.92 Total Receipts
Disbursements
----------
0.00 Total Disbursements
Closing Balance - 30 September 02
752,631.50
Receipts & Disbursements Attachment 2-8
The Delta Queen Steamboat Co.
R&D - LaSalle Case No: 01-10970 (JCA) UNAUDITED
DQ-DN Seller Proration Escrow LaSalle
DQ-DN Seller Proration Escrow
Account # - 62-9003-42-7
1 September 02 - 30 September 02
Opening Balance - 1 September 02
250,585.86
Receipts
291.31 Interest Income
----------
291.31 Total Receipts
Disbursements
----------
0.00 Total Disbursements
Closing Balance - 30 September 02
250,877.17
Receipts & Disbursements Attachment 2-9
The Delta Queen Steamboat Co.
R&D - LaSalle Case No: 01-10970 (JCA) UNAUDITED
Investment LaSalle - Investment Account
Account # - 03-9042-30-4
1 September 02 - 30 September 02
Opening Balance - 1 September 02
31,480,509.70
Receipts
45,008.47 Interest Earned
-------------
45,008.47 Total Receipts
Disbursements
(1,650,000.00) To Delta Queen Steamboat CO Master Cash
Hibernia # 812-395-335
-------------
(1,650,000.00) Total Disbursements
Closing Balance - 30 September 02
29,875,518.17
AMCV US SET OF BOOKS Date: 22-OCT-02 11:35:07
INCOME STATEMENT - ATTACHMENT 4 Page: 1
Current Period: SEP-02
currency USD
Company=20 (DELTA QUEEN STEAM CO)
PTD-Actual
30-Sep-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
Start-Up Costs 0.00
----------
Total SG&A Expenses 0.00
----------
EBITDA 0.00
Depreciation 0.00
Operating Income 0.00
Other Expense/(Income)
Interest Income (46,173.70)
Equity in Earnings for Sub (11,084.98)
Reorganization expenses 0.00
----------
Total Other Expense/(Income) (35,088.72)
----------
Net Pretax Income/(Loss) 35,088.72
Income Tax Expense 0.00
----------
Net Income/(Loss) 35,088.72
==========
AMCV US SET OF BOOKS Date: 22-OCT-02 12:52:06
BALANCE SHEET - ATTACHMENT 5 Page: 1
Current Period: SEP-02
currency USD
Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual
30-Sep-02 22-Oct-01
-------------- -------------
ASSETS
Cash and Equivalent 29,955,527.03 2,494,983.63
Restricted Cash 1,003,508.67 0.00
Accounts Receivable 360,711.16 0.00
Inventories 0.00 840,779.06
Prepaid Expenses 0.00 13,147.33
Other Current Assets 0.00 0.00
-------------- -------------
Total Current Assets 31,319,746.86 3,348,910.02
Fixed Assets 0.00 8,202,345.75
Accumulated Depreciation 0.00 (5,195,800.16)
-------------- -------------
Net Fixed Assets 0.00 3,006,545.59
Net Goodwill 0.00 0.00
Intercompany Due To/From 10,413,604.91 37,437,552.28
Net Deferred Financing Fees 0.00 5,434.15
Net Investment in Subsidiaries (83,419,766.75) 33,999,708.26
-------------- -------------
Total Other Assets (73,006,161.84) 71,442,694.69
-------------- -------------
Total Assets (41,686,414.98) 77,798,150.30
============== =============
AMCV US SET OF BOOKS Date: 22-OCT-02 12:52:06
BALANCE SHEET - ATTACHMENT 5 Page: 2
Current Period: SEP-02
currency USD
Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual
30-Sep-02 22-Oct-01
--------------- --------------
LIABILITIES
Accounts Payable 0.00 0.00
Accrued Liabilities 240,632.92 0.00
Deposits 0.00 0.00
--------------- --------------
Total Current Liabilities 240,632.92 0.00
Long Term Debt 0.00 0.00
Other Long Term Liabilities 9,993,779.93 9,993,779.93
--------------- --------------
Total Liabilities 10,234,412.85 9,993,779.93
Liabilities Subject to Compromise 577,835.68 577,835.68
OWNER'S EQUITY
Common Stock 1,000.00 1,000.00
Add'l Paid In Capital 33,564,332.71 33,564,332.71
Current Net Income (Loss) (118,854,191.70) (2,866,520.92)
Retained Earnings 32,790,195.48 36,527,722.90
--------------- --------------
Total Owner's Equity (52,498,663.51) 67,226,534.69
--------------- --------------
Total Liabilities & Equity (41,686,414.98) 77,798,150.30
=============== ==============
The Delta Queen Steamboat Co. ATTACHMENT 6 01-10970 (JCA)
Summary List of Due To/Due From Accounts
For the Month Ended September 30, 2002
BEGINNING ENDING
AFFILIATE NAME CASE NUMBER BALANCE DEBITS CREDITS BALANCE
American Classic Voyages Co. 01-10954 (6,204,670.44) -- -- (6,204,670.44)
AMCV Cruise Operations, Inc. 01-10967 100,294,573.86 1,477,361.85 85,125.29 101,686,810.42
Great AQ Steamboat, L.L.C 01-10960 (38,907,733.78) 140,661.13 -- (38,767,072.65)
Great Pacific NW Cruise Line, L.L.C 01-10977 (8,411,645.08) 61,550.04 -- (8,350,095.04)
Great River Cruise Line, L.L.C 01-10963 (10,534,499.21) -- 7,938.00 (10,542,437.21)
Great Ocean Cruise Line, L.L.C 01-10959 (17,646,492.09) 252,672.88 11,105.72 (17,404,924.93)
Cruise America Travel, Incorporated 01-10966 256,503.82 -- -- 256,503.82
Delta Queen Coastal Voyages, L.L.C 01-10964 (911,198.96) 28,933.40 -- (882,265.56)
Cape Cod Light, L.L.C 01-10962 (1,404,059.37) -- -- (1,404,059.37)
Cape May Light, L.L.C 01-10961 (8,431,118.53) -- -- (8,431,118.53)
Project America, Inc. N/A (2,934,348.03) -- -- (2,934,348.03)
Oceanic Ship Co. N/A (136,810.43) -- -- (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 2,214,633.49 -- -- 2,214,633.49
Great Hawaiian Cruise Line, Inc. 01-10975 (7,057.02) -- -- (7,057.02)
Great Hawaiian Properties Corporation 01-10971 1,247,073.77 -- -- 1,247,073.77
American Hawaii Properties Corporation 01-10976 43,550.29 -- -- 43,550.29
Great Independence Ship Co. 01-10969 (83,084.83) -- -- (83,084.83)
CAT II, Inc. 01-10968 (100.00) -- -- (100.00)
------------------------------------------------------------------
8,556,594.62 1,961,179.30 104,169.01 10,413,604.91
==================================================================
THE DELTA QUEEN STEAMBOAT COMPANY CASE #: 01-10970 (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
American Express Credit Card Processor 0.00
Discover Credit Card Processor 0.00
Diners Credit Card Processor 0.00
Travel Agents 0.00
Delaware North Companies 0.00 0.00 0.00 360,711.16 360,711.16
---------- ---------- ---------- ---------- ----------
Total 0.00 0.00 0.00 360,711.16 360,711.16
========== ========== ========== ========== ==========
ATTACHMENT #7
The Delta Queen Steamboat Company
01-10970 (JCA)
Accounts Payable Detail
As of September 30, 2002
Attachment 8
Not Applicable
DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (JCA)
PRELIMINARY MONTHLY OPERATING REPORT
AS OF SEPTEMBER 30, 2002
AND
FOR THE MONTH THEN ENDED
ATTACHMENT 9
NOTES TO SEPTEMBER 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. Accounts receivable represent monies due from the Purchaser. Monies
were received during October and will be recorded in the next Monthly
Operating Report.
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 basis of assets and
liabilities. The Debtor has not recorded adjustments to these amounts
pending the outcome of Chapter 11 proceedings.