Lower operating income was principally attributable to the impact of a 25% decline in origination unit volumes, lower weather-related natural hazard revenues, higher investment spend, and the 2018 non-cash impairment charge discussed previously. The Company believes that its presentation of these non-GAAP measures provides useful supplemental information to investors and management regarding the Company's financial condition and results of operations. The expected outperformance of revenue compared with previously-issued financial guidance was driven primarily by improved market volumes and favorable product mix. Our full year 2018 financial results included the benefit from accelerated revenue recognition of approximately $23 million resulting from the amendment of a long-term contract which is not expected to repeat in 2019. Our full year 2018 financial results included the benefit from accelerated revenue recognition of approximately $23 million resulting from the amendment of a long-term contract which is not expected to repeat in 2019. Operating and financial highlights appear below.
Investor Contact: This press release contains certain non-GAAP financial measures, such as adjusted EBITDA, adjusted EPS and FCF, which are provided only as supplemental information. “As we exit 2019, in-flight strategic investments and ongoing cost efficiency and productivity initiatives provide us with a solid line of sight to our adjusted EBITDA margin objective of 30% as we deploy our unique data, analytics and data-enabled solutions that, collectively, help millions of people find, buy and protect the homes they love.”. At December 31, 2018, the Company had cash and cash equivalents of $85 million compared with $119 million at December 31, 2017.
Repurchased 2.3 million shares, or 3% of outstanding shares, for $109 million. The forward-looking statements speak only as of the date they are made. In connection with the Company's previously announced adjusted EBITDA margin enhancement program (designed to reach a 30% target level in 2020), we intend to incur discrete charges of approximately $15 million over the course of 2019. The forward-looking statements speak only as of the date they are made. Adjusted EPS of $2.72, up 15%. The Company believes that its presentation of these non-GAAP measures provides useful supplemental information to investors and management regarding the Company's financial condition and results of operations. Diluted EPS from continuing operations of $1.49, down 15%. Full-year financial results expected to modestly exceed the top end of previously-issued revenue, adjusted EBITDA and adjusted EPS guidance ranges boosted by a strong fourth quarter 2019 performance. Adjusted EPS is defined as diluted income from continuing operations, net of tax per share, adjusted for share-based compensation, amortization of acquisition-related intangibles, non-operating gains/losses, and other adjustments; and assumes an effective tax rate of 25% for 2019. “CoreLogic continued to successfully execute against its long-term strategic plan in 2018 despite significant U.S. mortgage market headwinds. FCF is defined as net cash provided by continuing operating activities less capital expenditures for purchases of property and equipment, capitalized data and other intangible assets.

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