The following table presents the major classes of line items of the discontinued operations included in the consolidated statements of operations for the year ended December 31, 2022 (in millions): | | | | | | | Revenue | $ | 4,249 | | | Cost of revenue | 4,023 | | Gross profit | 226 | | | Operating expenses: | | | Sales and marketing | 153 | | | Technology and development | 6 | | | General and administrative | 10 | | | Impairment and restructuring costs | 25 | | | Total operating expenses | 194 | | Income from discontinued operations | 32 | | | Loss on extinguishment of debt | (21) | | | Other income, net | 13 | | | Interest expense | (36) | | Loss from discontinued operations before income taxes | (12) | | Income tax expense | (1) | | Net loss from discontinued operations | $ | (13) | | Net loss from discontinued operations per share - basic and diluted | $ | (0.05) | |
The following table presents significant non-cash items and capital expenditures of the discontinued operations for the year ended December 31, 2022 (in millions): | | | | | | | Amortization of debt discount and debt issuance costs | $ | 21 | | | Loss on debt extinguishment | 21 | | | Share-based compensation | 16 | | | Inventory valuation adjustment | 9 | | | Depreciation and amortization | 7 | | | Capital expenditures | 1 | | Settlement of beneficial interests in securitizations | (79) | |
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