Zayo 8-K 360networksCorporation Consolidated Statements of Income

Exhibit 99.2

360networks Corporation
Consolidated Statement of Income
For the Six Months Ended June 30, 2011
(UNAUDITED)

	6 months ended
	June 30, 2011
Revenue	$	44,047,712
Operating Costs		17,522,341
Selling, general and administrative		13,830,532
Stock based compensation		1,169,232
Provision for bad debts		128,489
Depreciation expense		6,017,650
Accretion expense		127,244
Restructuring expense		41,439
Operating income		5,210,786
Net gain on sale of assets		7,946
Interest expense		(29,205	)
Interest and dividend income		1,059,776
Investment Income		4
Other income		33,850
Income before income taxes		6,283,156
Provision for income taxes		58,046
Net income for the year	$	6,225,109

Consolidated Balance Sheet
As of June 30, 2011
(UNAUDITED)

	As of
	June 30, 2011
ASSETS
Current Assets:
Cash and cash equivalents	$	9,262,081
Accounts receivable, net		3,372,637
Note receivable-current		178,180
Other		1,833,608
Total Current Assets		14,646,506
Restricted Cash		357,500
Investments		98,411,226
Property and equipment, net		76,681,710
Intangibles assets, net		250,400
Deferred Charges		25,235,094
Total Assets	$	215,582,437
LIABILITIES
Current liabilities:
Accounts payable	$	3,748,721
Wages payable		3,993,778
Leases payable		32,496
Income taxes payable		303,723
Other accrued liabilities		18,056,899
Deferred revenue		3,328,637
Total Current Liabilities		29,464,253
Deferred revenue, non-current		44,758,863
Other long-term liabilities		298,174
Total Liabilities	$	74,521,290
STOCKHOLDERS’ EQUITY/(DEFICIT)
Capital stock	$	75,725,497
Other capital accounts		100,017,812
Accumulated deficit		(34,682,163	)
Total Stockholders’ Equity/(Deficit)		141,061,146
Total Liabilities and Stockholders Equity/(Deficit)	$	215,582,437