EXHIBIT 99.9
DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (JWV)
MONTHLY OPERATING REPORT
AS OF DECEMBER 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 December Monthly
Operating Report (Attachments 1 through 9) and, to the best of my knowledge,
these documents are true, correct, and complete.
/s/ EDDIE J. PUSTIZZI
- --------------------------
Eddie J. Pustizzi
Director, Accounting
DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (JWV)
MONTHLY OPERATING REPORT
AS OF DECEMBER 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 December Monthly Operating Report
Summary Of Bank And Investment Accounts Attachment 1
Cruise America Travel, Incorporated
Case No: 01-10966 (JWV) UNAUDITED
Summary For Month Of December, 2002
Cruise America Travel, Incorporated
Balances
--------------------------------- Receipts & Bank
Opening Closing Disbursements Statements Account
Account As Of 12/01/02 As Of 12/31/02 Included Included Reconciled
- ------- -------------- -------------- ------------- ---------- ----------
No Bank Or Investment NA NA NA NA NA
Accounts
Receipts & Disbursements Attachment 2
Cruise America Travel, Incorporated
Summary Case No: 01-10966 (JWV)
Cruise America Travel, Incorporated For Month Of December, 2002
Attach 2
No Receipts Or Disbursements Due To No Bank Or Investment Accounts
Concentration & Investment Account Statements Attachment 3
Cruise America Travel, Incorporated
Summary Case No: 01-10966 (JWV)
Cruise America Travel, Incorporated For Month Of December, 2002
Attach 3
No Statements Due To No Concentration Or Investment Accounts
AMCV US SET OF BOOKS Date: 16-JAN-03 16:50:20
INCOME STATEMENT - ATTACHMENT 4 Page: 1
Current Period: DEC-02
currency USD
Company=29 (CAT - DQSC)
PTD-Actual
31-Dec-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 0.00
Equity in Earnings for Sub 0.00
Reorganization expenses 0.00
--------------
Total Other Expense/(Income) 0.00
--------------
Net Pretax Income/(Loss) 0.00
Income Tax Expense 1,591,053.16)
--------------
Net Income/(Loss) 1,591,053.16
==============
AMCV US SET OF BOOKS Date: 20-JAN-03 12:59:07
BALANCE SHEET - ATTACHMENT 5 Page: 1
Current Period: DEC-02
currency USD
Company=29 (CAT - DQSC)
YTD-Actual YTD-Actual
31-Dec-02 22-Oct-01
-------------- ------------
ASSETS
Cash and Equivalent 0.00 0.00
Restricted Cash 0.00 0.00
Accounts Receivable 0.00 19,582.06
Inventories 0.00 0.00
Prepaid Expenses 0.00 565,863.67
Other Current Assets 0.00 0.00
--------------- ---------------
Total Current Assets 0.00 585,445.73
Fixed Assets 0.00 0.00
Accumulated Depreciation 0.00 0.00
--------------- ---------------
Net Fixed Assets 0.00 0.00
Net Goodwill 0.00 0.00
Intercompany Due To/From 5,172,702.34 4,474,118.72
Net Deferred Financing Fees 0.00 0.00
Net Investment in Subsidiaries 0.00 0.00
--------------- ---------------
Total Other Assets 5,172,702.34 4,474,118.72
--------------- ---------------
Total Assets 5,172,702.34 5,059,564.45
=============== ===============
AMCV US SET OF BOOKS Date: 20-JAN-03 12:59:07
BALANCE SHEET - ATTACHMENT 5 Page: 2
Current Period: DEC-02
currency USD
Company=29 (CAT - DQSC)
YTD-Actual YTD-Actual
31-Dec-02 22-Oct-01
-------------- ------------
LIABILITIES
Accounts Payable 0.00 0.00
Accrued Liabilities 0.00 0.00
Deposits 0.00 0.00
--------------- ---------------
Total Current Liabilities 0.00 0.00
Long Term Debt 0.00 0.00
Other Long Term Liabilities 0.00 1,591,053.16
--------------- ---------------
Total Liabilities 0.00 1,591,053.16
Liabilities Subject to Compromise 0.00 5,731.15
OWNER'S EQUITY
Common Stock 0.00 0.00
Add'l Paid In Capital 50,000.00 50,000.00
Current Net Income (Loss) 1,581,661.84 591,526.60
Retained Earnings 3,541,040.50 2,821,253.54
--------------- ---------------
Total Owner's Equity 5,172,702.34 3,462,780.14
--------------- ---------------
Total Liabilities & Equity 5,172,702.34 5,059,564.45
=============== ===============
Crusie America Travel, Incorporated ATTACHMENT 6 01-10966 (JWW)
Summary List of Due to/Due From Accounts
For the Month Ended December 31, 2002
CASE BEGINNING ENDING
AFFILIATE NAME NUMBER BALANCE DEBITS CREDITS BALANCE
American Classic Voyages Co. 01-10954 (103,377.71) -- -- (103,377.71)
AMCV Cruise Operations, Inc. 01-10967 (4,057,165.15) -- -- (4,057,165.15)
The Delta Queen Steamboat Co. 01-10970 (256,503.82) 256,291.69 -- (212.13)
Great AQ Steamboat, L.L.C. 01-10960 3,165,198.27 -- -- 3,165,198.27
Great Pacific NW Cruise Line, L.L.C. 01-10977 674,733.24 -- -- 674,733.24
Great River Cruise Line, L.L.C. 01-10963 1,419,142.24 -- -- 1,419,142.24
Great Ocean Cruise Line, L.L.C. 01-10959 2,953,907.27 -- -- 2,953,907.27
Cape Cod Light, L.L.C. 01-10962 2,706.08 -- -- 2,706.08
Cape May Light, L.L.C. 01-10961 1,054,561.24 -- -- 1,054,561.24
Oceanic Ship Co. N/A 6,631.08 -- -- 6,631.08
Ocean Development Co. 01-10972 15,996.19 -- -- 15,996.19
American Hawaii Properties Corporation 01-10976 1,126.92 -- -- 1,126.92
Great Independence Ship Co. 01-10969 16,321.27 -- -- 16,321.27
CAT II, Inc. 01-10968 23,133.53 -- -- 23,133.53
------------------------------------------------------------------------
4,916,410.65 256,291.69 -- 5,172,702.34
========================================================================
Cruise America Travel, Incorporated
01-10966 (JWV)
Accounts Receivable Aging
As of December 31, 2002
Attachment 7
Not Applicable
Cruise America Travel, Incorporated
01-10966 (JWV)
Accounts Payable Detail
As of December 31, 2002
Attachment 8
Not Applicable
DEBTOR: CRUISE AMERICA TRAVEL, INCORPORATED CASE NUMBER: 01-10966 (JWV)
MONTHLY OPERATING REPORT
AS OF DECEMBER 30, 2002
AND
FOR THE MONTH THEN ENDED
ATTACHMENT 9
NOTES TO DECEMBER 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. Other long-term liabilities had consisted of deferred tax assets and
liabilities, net. Deferred tax assets and liabilities had been
recognized for the expected future tax consequences of temporary
differences between carrying amounts and the tax basis of assets and
liabilities. The Debtor adjusted the recorded amounts to zero based
upon the expected outcome of Chapter 11 proceedings.
2. The Debtor reclassed unused, pre-petition pre-paid airline tickets to
offset related claims filed against AMCV Cruise Operations, an
affiliated Debtor.