EXHIBIT 99.13
DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (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: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (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
The Delta Queen Steamboat Co.
Summary Case No: 01-10970 (JWV) Unaudited
The Delta Queen Steamboat Co. For Month Of December, 2002
<Table>
<Caption>
Balances
----------------------------- Receipts & Bank
Opening Closing Disbursements Statements Account
Account As Of 12/01/02 As Of 12/31/02 Included Included Reconciled
Delta Queen Controlled Disb 0.00 0.00 Yes Yes Yes
Hibernia
Account # - 542027373
Delta Queen Master Cash 119,432.28 183,350.85 Yes Yes Yes
Hibernia
Account # - 812-395-335
Delta Queen Payroll 15,511.84 4,043.59 Yes No - Not Yes
Hibernia Concentration
Account # - 812-395-289 Account
The Delta Queen Steamboat Co 754,291.39 554,266.68 Yes No - Not Yes
Escrow Account - DQ/DN IDCC Concentration
LaSalle Account
Account # - 62-9003-40-1
The Delta Queen Steamboat Co 28,704,567.35 27,986,143.56 Yes No - Not Yes
LaSalle - Investment Account Concentration
03-9042-30-4 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 -
Escrow Account Account Account Account
LaSalle Closed Closed Closed
Account # - 62-8930-70-3
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 No - No - No -
Bank One Account Account Account
Account # - 552-0110062868 Closed Closed Closed
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 0.00 0.00 No - No - No -
Receipts Account Account Account
Hibernia Closed Closed Closed
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 0.00 0.00 No - No - No -
Escrow Account - DQ/DN - Seller Proraton Account Account Account
LaSalle Closed Closed Closed
Account # - 62-9003-42-7
Receipts & Disbursements Attachment 2-1
The Delta Queen Steamboat Co.
R&D - Hibernia Case No: 01-10970 (JWV) UNAUDITED
DQ Controlled Disb Hibernia
Controlled Disbursements
Account # - 542027373
1 December 02 - 31 December 02
Opening Balance - 1 December 02
0.00
Receipts
144,877.01 From The Delta Queen Steam Boat Co. -
Hibernia - DQSC Master Cash -
Account (812-395-335)
---------------
144,877.01 Total Receipts
Disbursements
(199.50) Crew Maintenance & Medical
0.00 O/S Post Petition Drydock Invoices
(71,120.10) Professional Fees
(2,318.77) SG&A - Chicago
(8,899.69) SG&A - Weston
(3,817.44) SG&A - NOLA ( Temp Help)
(45,771.51) Legal Fees P&I Claims
(12,750.00) Quarterly US Trustee Fee
0.00 Replenish Petty Cash
---------------
(144,877.01) Total Disbursements
Closing Balance - 31 December 02
0.00
Receipts & Disbursements Attachment 2-2
The Delta Queen Steamboat Co.
R&D - Hibernia Case No: 01-10970 (JWV) UNAUDITED
DQ Master Cash Hibernia
DQ Master Cash
Account # - 812-395-335
1 December 02 - 31 December 02
Opening Balance - 1 December 02
119,432.28
Receipts
750,000.00 From Delta Queen Steamboat CO - LaSalle
Investment Acct (#039042304)
4,000.00 From Mississippi Queen Steamer
Hibernia Acct (#812-502-719)
500.50 From Delta Queen Steamer
Hibernia Acct (#812-395-270)
-----------
754,500.50 Total Receipts
Disbursements
(144,877.01) To The Delta Queen Steam Boat Co. -
Hibernia - DQSC Contr. Disb. - Account (542027373)
(36,000.00) Postage - Logan & Company
(409.78) Hibernia National Bank - Fees
(35,000.00) To The Delta Queen Steam Boat Co Payroll Acct
(812395289) - Hibernia -
(139,962.22) Professional Fees - Latham & Watkins
(57,439.65) Professional Fees Walsh,Monzack & Monaco
(272,097.44) Professional Fees - Hahn & Hessen
(4,795.83) Professional Fees - Policano & Manzo
Professional Fees - AMA/Chanin
(690,581.93) Total Disbursements
Closing Balance - 31 December 02
183,350.85
Receipts & Disbursements Attachment 2-3
The Delta Queen Steamboat Co.
R&D - Hibernia Case No: 01-10970 (JWV) UNAUDITED
DQ Payroll Hibernia
DQ Payroll
Account # - 812-395-289
1 December 02 - 31 December 02
Opening Balance - 1 December 02
15,511.84
Receipts
35,000.00 From The Delta Queen Steam Boat Co. -
Hibernia - DQSC Master Cash - Account (812-395-335)
-----------
35,000.00 Total Receipts
Disbursements
(46,468.25) Payroll - Wires & Checks
-----------
(46,468.25) Total Disbursements
Closing Balance - 31 December 02
4,043.59
Receipts & Disbursements Attachment 2-4
The Delta Queen Steamboat Co.
R&D - LaSalle Case No: 01-10970 (JWV) UNAUDITED
DQ-DN IDCC Escrow LaSalle
DQ-DN IDCC Escrow
Account # - 62-9003-40-1
1 December 02 - 31 December 02
Opening Balance - 1 December 02
754,291.39
Receipts
653.94 Interest Income
-----------
653.94 Total Receipts
Disbursements
(200,678.65) Disbursement to DNPS for settlement
of passenger priority claims
-----------
(200,678.65) Total Disbursements
Closing Balance - 31 December 02
554,266.68
Receipts & Disbursements Attachment 2-5
The Delta Queen Steamboat Co.
R&D - LaSalle Case No: 01-10970 (JWV) UNAUDITED
Investment LaSalle - Investment Account
Account # - 03-9042-30-4
1 December 02 - 31 December 02
Opening Balance - 1 December 02
28,704,567.35
Receipts
31,576.21 Interrest Earned
-----------
31,576.21 Total Receipts
Disbursements
(750,000.00) To Delta Queen Steamboat CO Master Cash
Hibernia # 812-395-335
-----------
(750,000.00) Total Disbursements
Closing Balance - 31 December 02
27,986,143.56
AMCV US SET OF BOOKS Date: 17-JAN-03 10:01:35
INCOME STATEMENT - ATTACHMENT 4 Page: 1
Current Period: DEC-02
currency USD
Company=20 (DELTA QUEEN STEAM CO)
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 (4,820,420.16)
Reorganization expenses 0.00
Other expense (32,958.49)
----------------
Total Other Expense/(Income) 4,787,461.67
----------------
Net Pretax Income/(Loss) (4,787,461.67)
Income Tax Expense (9,993,779.93)
----------------
Net Income/(Loss) 5,206,318.26
================
AMCV US SET OF BOOKS Date: 20-JAN-03 12:59:17
BALANCE SHEET - ATTACHMENT 5 Page: 1
Current Period: DEC-02
currency USD
Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual
31-Dec-02 22-Oct-01
----------------- ---------------
ASSETS
Cash and Equivalent 28,173,538.00 2,494,983.63
Restricted Cash 554,266.68 0.00
Accounts Receivable 12,000.00 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 28,739,804.68 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 12,817,773.54 37,437,552.28
Net Deferred Financing Fees 0.00 5,434.15
Net Investment in Subsidiaries (88,306,280.06) 33,999,708.26
----------------- ---------------
Total Other Assets (75,488,506.52) 71,442,694.69
----------------- ---------------
Total Assets (46,748,701.84) 77,798,150.30
================= ===============
AMCV US SET OF BOOKS Date: 20-JAN-03 12:59:17
BALANCE SHEET - ATTACHMENT 5 Page: 2
Current Period: DEC-02
currency USD
Company=20 (DELTA QUEEN STEAM CO)
YTD-Actual YTD-Actual
31-Dec-02 22-Oct-01
--------------- ------------
LIABILITIES
Accounts Payable 0.00 0.00
Accrued Liabilities 31,968.58 0.00
Deposits 0.00 0.00
----------------- ---------------
Total Current Liabilities 31,968.58 0.00
Long Term Debt 0.00 0.00
Other Long Term Liabilities 0.00 9,993,779.93
----------------- ---------------
Total Liabilities 31,968.58 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) (113,714,034.29) (2,866,520.92)
Retained Earnings 32,790,195.48 36,527,722.90
----------------- ---------------
Total Owner's Equity (47,358,506.10) 67,226,534.69
----------------- ---------------
Total Liabilities & Equity (46,748,701.84) 77,798,150.30
================= ===============
The Delta Queen Steamboat Co. ATTACHMENT 6 01-10970 (JWV)
Summary List 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 (6,204,670.44) - - (6,204,670.44)
AMCV Cruise Operations, Inc. 01-10967 103,162,515.12 956,088.37 51,960.74 104,066,642.75
Great AQ Steamboat, L.L.C. 01-10960 (38,756,706.53) 73,062.00 - (38,683,644.53)
Great Pacific NW Cruise Line, L.L.C. 01-10977 (8,349,046.78) 2,966.86 - (8,346,079.92)
Great River Cruise Line, L.L.C. 01-10963 (10,520,537.68) 14,268.90 500.50 (10,506,769.28)
Great Ocean Cruise Line, L.L.C. 01-10959 (17,374,876.19) 129,631.33 4,000.00 (17,249,244.86)
Cruise America Travel, Incorporated 01-10966 256,503.82 - 256,291.69 212.13
Delta Queen Coastal Voyages, L.L.C. 01-10964 (880,428.81) - - (880,428.81)
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)
----------------------------------------------------------------------
11,954,509.01 1,176,017.46 312,752.93 12,817,773.54
======================================================================
The Delta Queen Steamboat Company
01-10970 (JWV)
Accounts Receivable Aging
As of December 31, 2002
Attachment 7
Not Applicable
The Delta Queen Steamboat Company
01-10970 (JWV)
Accounts Payable Detail
As of December 31, 2002
Attachment 8
Not Applicable
DEBTOR: THE DELTA QUEEN STEAMBOAT COMPANY CASE NUMBER: 01-10970 (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. Accounts receivable represent monies due from the Purchaser. During
October, a majority of the receivable balance was collected. Receipt of
the remaining balance is awaiting transfer of title documentation.
2. 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.
3. The reduction in restricted cash was due to the disbursement of
escrowed monies to Delaware North Companies for receipt of waivers from
passengers holding priority claims. The waived priority claims were
filed against one of three affiliated Debtors: Great Ocean Cruise Line,
LLC, Great AQ Steamboat, LLC and Great River Cruise Line, LLC.