EXHIBIT 99.4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: January 31, 2002
BEGINNING BALANCE IN ALL ACCOUNTS $ 5,631,674.53
RECEIPTS:
1. Receipts from Operations $ (45,000.00)
Receipts from Operations (Received by Parent or Affiliate) $ 165,834.89
2. Other Receipts $ --
Other Receipts (Received by Parent or Affiliate) $ 15,876.29
---------------
TOTAL RECEIPTS $ 136,711.18
Less: Receipts received by Parent or Affiliate $ (181,711.18)
---------------
ADJUSTED RECEIPTS $ (45,000.00)
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes
5. Necessary Expenses (Paid by Parent or Affiliate)
a. Rent or mortgage payment(s) $ --
b. Utilities $ --
c. Insurance $ --
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Refund of deposit on cancelled equipment sale $ 10,000.00
Bank fees $ 15.00
Other $ 140.64
Computer Access/Hosting Services $ 8,625.00
---------------
TOTAL DISBURSEMENTS $ 18,780.64
Less: Disbursements paid by Parent/Affiliate $ (8,765.64)
---------------
ADJUSTED DISBURSEMENTS $ 10,015.00
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ (55,015.00)
NET INTERCOMPANY SWEEP TRANSFERS - WATG
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 4,184,624.52
ENDING BALANCE IN BofA-Dallas TX $ 1,383,602.11
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 5,576,659.53
===============
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: January 31, 2002
Bank: Bank of America
Location: Dallas, TX
Account Name: BofA-Dallas, TX
Account Number: 3751469007
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------------
Receipts from Operations:
01/11/02 Unilink (Returned check) $ (45,000.00)
------------
$ (45,000.00)
============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
DISBURSEMENT LISTING
For the Month Ending: January 31, 2002
Bank: Bank of America
Location: Dallas, TX
Account Name:
Account Number: 3751469007
DATE DISBURSED CHECK NUMBER DESCRIPTION AMOUNT
- -------------- ------------ -------------------------------------------- ------------
01/11/02 Service charge for returned deposit 15.00
01/16/02 Telpro (Refund of deposit on equipment sale) 10,000.00
------------
Total $ 10,015.00
============
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: January 31, 2002
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
-----
Ending inventory $ --
=====
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- ---------------- -------------------- -------------------
TMR, Inc Monthly $ 40,174.00 0 $ --
New World Tower Partners Monthly $ 12,651.40 0 $ --
Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64
111 Eight Ave, LLC Monthly $ 42,485.59 0 $ --
Descalso Howard Monthly $ 8,585.00 0 $ --
One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44
Hatfield Philips Monthly $ 5,371.63 0 $ --
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: January 31, 2002
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
---------------------------------------------------------------
Beginning of month balance $ 103,941,082.35 $ 7,015,176.24 $ 110,956,258.59
Add: sales on account $ -- $ -- $ --
Add: customer credits $ -- $ -- $ --
Add: intercompany activity $ -- $ -- $ --
Less: collections $ (120,834.89) $ 181,711.18 $ 60,876.29
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ -- $ -- $ --
---------------------------------------------------------------
End of month balance $ 103,820,247.46 $ 7,196,887.42 $ 111,017,134.88
===============================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- ------------------
$ -- $ -- $ -- $ 103,820,247.46 $ 103,820,247.46
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
---------------------------------------------------------
Beginning of month balance $ 5,528,045.86 $ 4,626,458.72 $ 10,154,504.58
Add: sales on account** $ 18,780.64 $ -- $ 18,780.64
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (8,765.64) $ 8,765.64 $ --
Net cash advanced by Parent or Affiliate $ -- $ -- $ --
Credit extended by Parent or Affiliate $ -- $ -- $ --
Amounts collected on behalf of Affiliate $ -- $ -- $ --
Less: payments $ (10,015.00) $ -- $ (10,015.00)
---------------------------------------------------------
End of month balance $ 5,528,045.86 $ 4,635,224.36 $ 10,163,270.22
=========================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- ------------------
$ -- $ -- $ -- $ 5,528,045.86 $ 5,528,045.86
**The post-petition accounts payable balances accrued for above are subject to
customary audit and review, which could result in changes to the balances
recorded. If upon such audit and review amounts invoiced by vendors are
disputed, such disputed amounts are not reflected in the accounts payable
balances reflected above. As of January 31, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: January 31, 2002
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
-----------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: February 28, 2002
BEGINNING BALANCE IN ALL ACCOUNTS $ 5,576,659.53
RECEIPTS:
1. Receipts from Operations $ 193,270.39
2. Other Receipts $ 66,739.75
Other Receipts (Received by Parent or Affiliate) $ --
---------------
TOTAL RECEIPTS $ 260,010.14
Less: Receipts received by Parent or Affiliate $ --
---------------
ADJUSTED RECEIPTS $ 260,010.14
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes
5. Necessary Expenses (Paid by Parent or Affiliate)
a. Rent or mortgage payment(s) $ --
b. Utilities $ --
c. Insurance $ --
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
Telephone $ 916.92
Expenses associated with equipment sales $ 59,638.43
Computer Access/Hosting Services $ 50,625.00
---------------
TOTAL DISBURSEMENTS $ 111,180.35
Less: Disbursements paid by Parent/Affiliate $ (111,180.35)
---------------
ADJUSTED DISBURSEMENTS $ --
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 260,010.14
NET INTERCOMPANY SWEEP TRANSFERS - WATG
---------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 4,399,634.66
ENDING BALANCE IN BofA-Dallas TX $ 1,428,602.11
---------------
ENDING BALANCE IN ALL ACCOUNTS $ 5,836,669.67
===============
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: February 28, 2002
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
- ------------------------- --------------------- ------------
Receipts from Operations:
2/8/2002 Interactive Media $ 755.91
2/8/2002 Americatel 11,178.45
2/8/2002 Europa Telecom 11,336.03
2/8/2002 Radiant Telecom 125,000.00
------------
$ 148,270.39
============
Other Receipts:
2/8/2002 U.S. Treasury $ 88.20
2/8/2002 Citibank - Interest 101.48
2/8/2002 U.S. Treasury 157.27
2/8/2002 Tammy Korn 192.00
2/8/2002 Michael Breen 660.00
2/8/2002 UCN Liquidating Trust 1,024.60
2/8/2002 Herbert Klatt 3,050.00
2/8/2002 Apto Solutions 3,466.20
2/8/2002 Optimus Solutions 9,800.00
2/27/2002 Mid-Hudson 48,200.00
------------
$ 66,739.75
============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: February 28, 2002
Bank: Bank of America
Location: Dallas, TX
Account Name: BofA-Dallas, TX
Account Number: 3751469007
DATE RECEIVED DESCRIPTION AMOUNT
- -------------------------- ----------- ------------
Receipts from Operations:
01/11/02 Unilink $ 45,000.00
------------
$ 45,000.00
============
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: February 28, 2002
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
-----
Ending inventory $ --
=====
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- ---------------- -------------------- -------------------
TMR, Inc Monthly $ 40,174.00 0 $ --
New World Tower Partners Monthly $ 12,651.40 0 $ --
Quinby Building Inc Monthly $ 10,087.82 2 $ 20,175.64
111 Eight Ave, LLC Monthly $ 42,485.59 0 $ --
Descalso Howard Monthly $ 8,585.00 0 $ --
One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44
Hatfield Philips Monthly $ 5,371.63 0 $ --
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: February 28, 2002
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
---------------------------------------------------------------
Beginning of month balance $ 103,820,247.46 $ 7,196,887.42 $ 111,017,134.88
Add: sales on account $ -- $ -- $ --
Add: customer credits $ -- $ -- $ --
Add: intercompany activity $ -- $ -- $ --
Less: collections $ (193,270.39) $ -- $ (193,270.39)
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ -- $ -- $ --
---------------------------------------------------------------
End of month balance $ 103,626,977.07 $ 7,196,887.42 $ 110,823,864.49
===============================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- ------------------
$ -- $ -- $ -- $ 103,626,977.07 $ 103,626,977.07
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
-----------------------------------------------------------
Beginning of month balance $ 5,528,045.86 $ 4,635,224.36 $ 10,163,270.22
Add: sales on account** $ 111,180.35 $ -- $ 111,180.35
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (111,180.35) $ 111,180.35 $ --
Net cash advanced by Parent or Affiliate $ -- $ -- $ --
Credit extended by Parent or Affiliate $ -- $ -- $ --
Amounts collected on behalf of Affiliate $ -- $ -- $ --
Less: payments $ -- $ -- $ --
-----------------------------------------------------------
End of month balance $ 5,528,045.86 $ 4,746,404.71 $ 10,274,450.57
===========================================================
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ---------------- -------------------
$ -- $ -- $ -- $ 5,528,045.86 $ 5,528,045.86
**The post-petition accounts payable balances accrued for above are subject to
customary audit and review, which could result in changes to the balances
recorded. If upon such audit and review amounts invoiced by vendors are
disputed, such disputed amounts are not reflected in the accounts payable
balances reflected above. As of February 28, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: February 28, 2002
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes
incurred after the filing of their Chapter 11 petition on an as due basis.
Please indicate whether the following post petition taxes or withholdings have
been paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid,
the amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/s/ Henry C. Lyon
----------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For the Month Ending: March 31, 2002
BEGINNING BALANCE IN ALL ACCOUNTS $ 5,836,669.67
RECEIPTS:
1. Receipts from Operations $ 273,280.20
2. Other Receipts $ 114,670.56
Other Receipts (Received by Parent or Affiliate) $ --
--------------
TOTAL RECEIPTS $ 387,950.76
Less: Receipts received by Parent or Affiliate $ --
--------------
ADJUSTED RECEIPTS $ 387,950.76
DISBURSEMENTS
3. Net Payroll
a. Officers $ --
b. Others $ --
4. Taxes
a. Federal Income Taxes $ --
b. FICA Withholdings $ --
c. Employee's withholdings $ --
d. Employer's FICA $ --
e. Federal Unemployment Taxes $ --
f. State Income Tax $ --
g. State Employee withholdings $ --
h. All other state taxes
5. Necessary Expenses (Paid by Parent or Affiliate)
a. Rent or mortgage payment(s) $ --
b. Utilities $ --
c. Insurance $ --
d. Merchandise bought for manufacture or sell $ --
e. Other necessary expenses
U.S. Trustee Fees $ 12,500.00
Expenses associated with equipment sales $ 7,096.89
Computer Access/Hosting Services $ 8,625.00
--------------
TOTAL DISBURSEMENTS $ 28,221.89
Less: Disbursements paid by Parent/Affiliate $ (28,221.89)
--------------
ADJUSTED DISBURSEMENTS $ --
NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 387,950.76
NET INTERCOMPANY SWEEP TRANSFERS - WATG $ 181,711.18
--------------
ENDING BALANCE IN Citibank $ 8,432.90
ENDING BALANCE IN BofA-Atlanta GA $ 4,838,016.40
ENDING BALANCE IN BofA-Dallas TX $ 1,559,882.31
--------------
ENDING BALANCE IN ALL ACCOUNTS $ 6,406,331.61
==============
OPERATING REPORT Page 1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: March 31, 2002
Bank: Bank of America
Location: Atlanta, GA
Account Name: BofA-Atlanta GA
Account Number: 329979536
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
3/8/2002 Texcom $ 17,000.00
3/8/2002 Radiant Telecom 125,000.00
------------
$ 142,000.00
============
Other Receipts:
3/6/2002 Apto Solutions $ 1,050.00
3/6/2002 Apto Solutions 1,125.00
3/6/2002 Southwest Tel-Supply 1,300.00
3/6/2002 Somera Communications 2,825.00
3/6/2002 Mid-Hudson 3,500.00
3/6/2002 Gordon Murphey 10,000.00
3/6/2002 Telexpress 14,050.00
3/6/2002 Correx Networks 15,400.00
3/21/2002 FCI Sweden sale proceeds 65,420.56
------------
$ 114,670.56
============
OPERATING REPORT Page 2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
RECEIPTS LISTING
For the Month Ending: March 31, 2002
Bank: Bank of America
Location: Dallas, TX
Account Name: BofA-Dallas, TX
Account Number: 3751469007
DATE RECEIVED DESCRIPTION AMOUNT
------------- ----------- ------
Receipts from Operations:
3/26/2002 Tricom USA $ 131,280.20
------------
$ 131,280.20
============
OPERATING REPORT Page 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: March 31, 2002
STATEMENT OF INVENTORY
Beginning Inventory $ --
Add: purchases $ --
Less: goods sold $ --
--------
Ending inventory $ --
========
PAYROLL INFORMATION STATEMENT
Gross payroll for this period $ --
Payroll taxes due but unpaid $ --
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
DATE REGULAR AMOUNT OF NUMBER OF AMOUNT OF
NAME OF CREDITOR/LESSOR PAYMENT IS DUE REGULAR PAYMENT PAYMENTS DELINQUENT PAYMENTS DELINQUENT
----------------------- -------------- --------------- ------------------- -------------------
TMR, Inc Monthly $ 40,174.00 0 $ --
New World Tower Partners Monthly $ 12,651.40 0 $ --
Quinby Building Inc Monthly $ 10,087.82 2 $20,175.64
111 Eight Ave, LLC Monthly $ 42,485.59 0 $ --
Descalso Howard Monthly $ 8,585.00 0 $ --
One Wilshire Arcade Monthly $ 7,938.44 1 $ 7,938.44
Hatfield Philips Monthly $ 5,371.63 0 $ --
OPERATING REPORT Page 4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: March 31, 2002
STATEMENT OF AGED RECEIVABLES
ACCOUNTS RECEIVABLE 3RD PARTY INTERCOMPANY TOTAL
--------------- --------------- ---------------
Beginning of month balance $103,626,977.07 $ 7,196,887.42 $110,823,864.49
Add: sales on account $ -- $ -- $ --
Add: customer credits $ -- $ -- $ --
Add: intercompany activity $ -- $ -- $ --
Less: collections $ (273,280.20) $ (181,711.18) $ (454,991.38)
Less: offsets $ -- $ -- $ --
Less: application of customer deposits $ -- $ -- $ --
--------------- --------------- ---------------
End of month balance $103,353,696.87 $ 7,015,176.24 $110,368,873.11
=============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ -- $ -- $ -- $103,353,696.87 $103,353,696.87
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)
3RD PARTY INTERCOMPANY TOTAL
--------------- --------------- ---------------
Beginning of month balance $ 5,528,045.86 $ 4,746,404.71 $ 10,274,450.57
Add: sales on account** $ 28,221.89 $ -- $ 28,221.89
Add: intercompany activity
Expenses paid directly by Parent or Affiliate $ (28,221.89) $ 28,221.89 $ --
Net cash advanced by Parent or Affiliate $ -- $ -- $ --
Credit extended by Parent or Affiliate $ -- $ -- $ --
Amounts collected on behalf of Affiliate $ -- $ -- $ --
Less: payments $ -- $ -- $ --
--------------- --------------- ---------------
End of month balance $ 5,528,045.86 $ 4,774,626.60 $ 10,302,672.46
=============== =============== ===============
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month Total
- --------- ---------- ---------- ------------ ------------------
$ -- $ -- $ -- $5,528,045.86 $5,528,045.86
**The post-petition accounts payable balances accrued for above are subject to
customary audit and review, which could result in changes to the balances
recorded. If upon such audit and review amounts invoiced by vendors are
disputed, such disputed amounts are not reflected in the accounts payable
balances reflected above. As of March 31, the Debtor has been invoiced
cumulative post-petition disputed amounts totalling $2,663,816.
OPERATING REPORT Page 5
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
CASE NAME: Facilicom International, L.L.C. CASE NUMBER: 01-14643-SPS
For the Month Ending: March 31, 2002
TAX QUESTIONNAIRE
Debtors in possession and trustees are required to pay all taxes incurred
after the filing of their Chapter 11 petition on an as due basis. Please
indicate whether the following post petition taxes or withholdings have been
paid currently.
1. Federal income taxes Yes (X) No ( )
2. FICA withholdings Yes (X) No ( )
3. Employee's withholdings Yes (X) No ( )
4. Employer's FICA Yes (X) No ( )
5. Federal unemployment taxes Yes (X) No ( )
6. State income tax Yes (X) No ( )
7. State employee withholdings Yes (X) No ( )
8. All other state taxes See Note Below
If any of the above have not been paid, state below the tax not paid, the
amounts past due and the date of the last payment.
Note to Item 8:
The Debtor may have personal property subject to tax in various jurisdictions
throughout the United States. No expense has been accrued or paid for any such
potential post-petition claims.
OPERATING REPORT Page 6
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
DECLARATION UNDER PENALTY OF PERJURY
I, Henry C. Lyon, acting as the duly authorized agent for the Debtor in
Possession declare under penalty of perjury under the laws of the United States
that I have read and I certify that the figures, statements, disbursement
itemizations, and account balances as listed in this Monthly Report of the
Debtor are true and correct as of the date of this report to the best of my
knowledge, information and belief.
/S/ Henry C. Lyon
--------------------------------
For the Debtor In Possession
Henry C. Lyon
Designated Officer
OPERATING REPORT Page 7