{
  "meta": {
    "company_name": "Atlas Precision Components",
    "industry": "industrials",
    "currency": "USD",
    "units": "USD_mm",
    "as_of_date": "2026-05-11",
    "accounting_basis": "us_gaap",
    "model_purpose": "illustrative screen-grade operating forecast",
    "prepared_for": "senior review smoke test"
  },
  "source_basis": [
    {
      "id": "src_hist_2025",
      "label": "illustrative audited historical statements through FY2025",
      "source_type": "template",
      "as_of_date": "2025-12-31",
      "evidence_label": "source_reported",
      "covers": ["historicals", "income_statement", "balance_sheet", "cash_flow"],
      "confidence": "medium",
      "notes": "template data for smoke testing; replace with actual company financials before decision use"
    },
    {
      "id": "src_mgmt_plan",
      "label": "illustrative management operating plan assumptions",
      "source_type": "template",
      "as_of_date": "2026-04-30",
      "evidence_label": "company_provided",
      "covers": ["revenue", "costs", "working_capital", "ppe", "debt", "tax"],
      "confidence": "medium",
      "notes": "placeholder management-plan style assumptions for deterministic pipeline smoke testing"
    },
    {
      "id": "src_placeholder",
      "label": "template placeholder assumptions",
      "source_type": "template",
      "as_of_date": "2026-05-11",
      "evidence_label": "placeholder",
      "covers": ["scenarios", "sensitivities", "covenants"],
      "confidence": "low",
      "notes": "active placeholders force screen-grade status until replaced with sourced assumptions"
    }
  ],
  "timeline": {
    "start_period": "FY2026",
    "start_year": 2026,
    "horizon_periods": 5,
    "periodicity": "annual"
  },
  "historicals": {
    "income_statement": {
      "FY2024": {
        "revenue": 620.0,
        "cogs": 390.0,
        "opex": 130.0,
        "da": 34.0,
        "interest": 18.0,
        "taxes": 12.0,
        "net_income": 36.0
      },
      "FY2025": {
        "revenue": 680.0,
        "cogs": 421.6,
        "opex": 142.8,
        "da": 36.0,
        "interest": 20.0,
        "taxes": 15.9,
        "net_income": 43.7
      }
    },
    "balance_sheet": {
      "FY2024": {
        "cash": 28.0,
        "ar": 82.0,
        "inventory": 95.0,
        "other_current_assets": 18.0,
        "ppe_net": 260.0,
        "other_assets": 55.0,
        "ap": 60.0,
        "accrued_expenses": 44.0,
        "deferred_revenue": 8.0,
        "debt": 300.0,
        "other_liabilities": 40.0,
        "common_equity": 50.0,
        "retained_earnings": 36.0
      },
      "FY2025": {
        "cash": 35.0,
        "ar": 90.0,
        "inventory": 102.0,
        "other_current_assets": 20.0,
        "ppe_net": 284.0,
        "other_assets": 57.0,
        "ap": 66.0,
        "accrued_expenses": 48.0,
        "deferred_revenue": 9.0,
        "debt": 305.0,
        "other_liabilities": 42.0,
        "common_equity": 50.0,
        "retained_earnings": 68.0
      }
    },
    "cash_flow": {
      "FY2025": {
        "net_income": 43.7,
        "da": 36.0,
        "change_nwc": 6.0,
        "cfo": 73.7,
        "capex": 60.0,
        "debt_draws": 15.0,
        "debt_repayments": 10.0,
        "dividends": 11.7,
        "cash_change": 7.0,
        "ending_cash": 35.0
      }
    },
    "debt_schedule": {
      "FY2025": {
        "beginning_debt": 300.0,
        "draws": 15.0,
        "repayments": 10.0,
        "ending_debt": 305.0
      }
    },
    "ppe": {
      "FY2025": {
        "beginning_ppe": 260.0,
        "capex": 60.0,
        "depreciation": 36.0,
        "disposals": 0.0,
        "ending_ppe": 284.0
      }
    },
    "working_capital": {
      "FY2025": {
        "ar": 90.0,
        "inventory": 102.0,
        "other_current_assets": 20.0,
        "ap": 66.0,
        "accrued_expenses": 48.0,
        "deferred_revenue": 9.0,
        "nwc": 89.0
      }
    }
  },
  "revenue": {
    "model": "segments",
    "source_id": "src_mgmt_plan",
    "segments": {
      "core_components": {
        "base_revenue": 470.0,
        "growth_rates": {
          "FY2026": 0.08,
          "FY2027": 0.075,
          "FY2028": 0.065,
          "FY2029": 0.055,
          "FY2030": 0.045
        },
        "evidence_label": "company_provided",
        "source_id": "src_mgmt_plan"
      },
      "aftermarket_services": {
        "base_revenue": 210.0,
        "growth_rates": {
          "FY2026": 0.115,
          "FY2027": 0.105,
          "FY2028": 0.095,
          "FY2029": 0.08,
          "FY2030": 0.065
        },
        "evidence_label": "company_provided",
        "source_id": "src_mgmt_plan"
      }
    }
  },
  "costs": {
    "source_id": "src_mgmt_plan",
    "cogs": {
      "method": "gross_margin",
      "gross_margin": {
        "FY2026": 0.385,
        "FY2027": 0.392,
        "FY2028": 0.398,
        "FY2029": 0.402,
        "FY2030": 0.405
      },
      "evidence_label": "company_provided",
      "source_id": "src_mgmt_plan"
    },
    "opex": {
      "method": "pct_revenue",
      "pct_revenue": {
        "FY2026": 0.205,
        "FY2027": 0.200,
        "FY2028": 0.195,
        "FY2029": 0.190,
        "FY2030": 0.188
      },
      "evidence_label": "company_provided",
      "source_id": "src_mgmt_plan"
    },
    "payroll": {
      "enabled": false
    },
    "other_costs": {}
  },
  "working_capital": {
    "method": "days",
    "source_id": "src_mgmt_plan",
    "evidence_label": "company_provided",
    "ar_days": {
      "FY2026": 48.0,
      "FY2027": 47.0,
      "FY2028": 46.0,
      "FY2029": 46.0,
      "FY2030": 45.0
    },
    "inventory_days": {
      "FY2026": 86.0,
      "FY2027": 84.0,
      "FY2028": 82.0,
      "FY2029": 80.0,
      "FY2030": 78.0
    },
    "ap_days": {
      "FY2026": 57.0,
      "FY2027": 58.0,
      "FY2028": 59.0,
      "FY2029": 60.0,
      "FY2030": 60.0
    },
    "other_current_assets_pct_revenue": {
      "FY2026": 0.030,
      "FY2027": 0.030,
      "FY2028": 0.029,
      "FY2029": 0.029,
      "FY2030": 0.028
    },
    "accrued_expenses_pct_revenue": {
      "FY2026": 0.070,
      "FY2027": 0.070,
      "FY2028": 0.069,
      "FY2029": 0.068,
      "FY2030": 0.067
    },
    "deferred_revenue_pct_revenue": {
      "FY2026": 0.014,
      "FY2027": 0.014,
      "FY2028": 0.014,
      "FY2029": 0.013,
      "FY2030": 0.013
    }
  },
  "ppe": {
    "source_id": "src_mgmt_plan",
    "evidence_label": "company_provided",
    "capex_method": "pct_revenue",
    "capex_pct_revenue": {
      "FY2026": 0.080,
      "FY2027": 0.078,
      "FY2028": 0.075,
      "FY2029": 0.072,
      "FY2030": 0.070
    },
    "depreciation_method": "pct_beginning_ppe",
    "depreciation_pct_beginning_ppe": {
      "FY2026": 0.135,
      "FY2027": 0.135,
      "FY2028": 0.132,
      "FY2029": 0.130,
      "FY2030": 0.128
    },
    "disposals": {}
  },
  "debt": {
    "source_id": "src_mgmt_plan",
    "evidence_label": "company_provided",
    "beginning_debt": 305.0,
    "beginning_revolver_drawn": 0.0,
    "revolver_commitment": 75.0,
    "mandatory_amortization": {
      "FY2026": 8.0,
      "FY2027": 10.0,
      "FY2028": 12.0,
      "FY2029": 14.0,
      "FY2030": 16.0
    },
    "optional_draws": {},
    "interest_rate": {
      "FY2026": 0.075,
      "FY2027": 0.073,
      "FY2028": 0.071,
      "FY2029": 0.070,
      "FY2030": 0.070
    },
    "cash_sweep": {
      "enabled": true,
      "min_cash": 30.0,
      "sweep_pct": 0.75
    },
    "covenants": {
      "min_liquidity": 25.0,
      "max_net_leverage": 3.75,
      "min_interest_coverage": 2.0
    }
  },
  "tax": {
    "source_id": "src_mgmt_plan",
    "evidence_label": "company_provided",
    "book_tax_rate": 0.26,
    "cash_tax_rate": 0.22,
    "nol_balance": 0.0
  },
  "equity": {
    "source_id": "src_mgmt_plan",
    "evidence_label": "company_provided",
    "common_equity": 50.0,
    "dividends": {
      "FY2026": 12.0,
      "FY2027": 13.0,
      "FY2028": 14.0,
      "FY2029": 15.0,
      "FY2030": 16.0
    },
    "buybacks": {},
    "issuance": {}
  },
  "other_balance_sheet": {
    "other_assets": 57.0,
    "other_liabilities": 42.0
  },
  "scenarios": {
    "base": {
      "description": "management-plan style base case with modest operating leverage",
      "evidence_label": "company_provided",
      "overrides": {}
    },
    "downside": {
      "description": "slower revenue, margin pressure, higher working capital drag, less debt paydown",
      "evidence_label": "placeholder",
      "overrides": {
        "revenue": {
          "segments": {
            "core_components": {
              "growth_rates": {
                "FY2026": 0.035,
                "FY2027": 0.030,
                "FY2028": 0.025,
                "FY2029": 0.020,
                "FY2030": 0.020
              }
            },
            "aftermarket_services": {
              "growth_rates": {
                "FY2026": 0.055,
                "FY2027": 0.050,
                "FY2028": 0.045,
                "FY2029": 0.040,
                "FY2030": 0.035
              }
            }
          }
        },
        "costs": {
          "cogs": {
            "gross_margin": {
              "FY2026": 0.365,
              "FY2027": 0.365,
              "FY2028": 0.368,
              "FY2029": 0.370,
              "FY2030": 0.372
            }
          },
          "opex": {
            "pct_revenue": {
              "FY2026": 0.215,
              "FY2027": 0.215,
              "FY2028": 0.212,
              "FY2029": 0.210,
              "FY2030": 0.208
            }
          }
        },
        "working_capital": {
          "ar_days": {
            "FY2026": 52.0,
            "FY2027": 53.0,
            "FY2028": 53.0,
            "FY2029": 52.0,
            "FY2030": 52.0
          },
          "inventory_days": {
            "FY2026": 92.0,
            "FY2027": 92.0,
            "FY2028": 90.0,
            "FY2029": 90.0,
            "FY2030": 88.0
          },
          "ap_days": {
            "FY2026": 55.0,
            "FY2027": 55.0,
            "FY2028": 55.0,
            "FY2029": 56.0,
            "FY2030": 56.0
          }
        },
        "ppe": {
          "capex_pct_revenue": {
            "FY2026": 0.082,
            "FY2027": 0.082,
            "FY2028": 0.080,
            "FY2029": 0.078,
            "FY2030": 0.076
          }
        },
        "debt": {
          "interest_rate": {
            "FY2026": 0.083,
            "FY2027": 0.083,
            "FY2028": 0.082,
            "FY2029": 0.081,
            "FY2030": 0.080
          },
          "cash_sweep": {
            "sweep_pct": 0.50
          }
        }
      }
    },
    "upside": {
      "description": "stronger services growth, better gross margin, modest working-capital improvement",
      "evidence_label": "placeholder",
      "overrides": {
        "revenue": {
          "segments": {
            "core_components": {
              "growth_rates": {
                "FY2026": 0.105,
                "FY2027": 0.095,
                "FY2028": 0.080,
                "FY2029": 0.065,
                "FY2030": 0.055
              }
            },
            "aftermarket_services": {
              "growth_rates": {
                "FY2026": 0.145,
                "FY2027": 0.130,
                "FY2028": 0.115,
                "FY2029": 0.095,
                "FY2030": 0.080
              }
            }
          }
        },
        "costs": {
          "cogs": {
            "gross_margin": {
              "FY2026": 0.395,
              "FY2027": 0.405,
              "FY2028": 0.412,
              "FY2029": 0.417,
              "FY2030": 0.420
            }
          },
          "opex": {
            "pct_revenue": {
              "FY2026": 0.200,
              "FY2027": 0.194,
              "FY2028": 0.188,
              "FY2029": 0.184,
              "FY2030": 0.180
            }
          }
        },
        "working_capital": {
          "ar_days": {
            "FY2026": 46.0,
            "FY2027": 45.0,
            "FY2028": 44.0,
            "FY2029": 44.0,
            "FY2030": 43.0
          },
          "inventory_days": {
            "FY2026": 82.0,
            "FY2027": 80.0,
            "FY2028": 78.0,
            "FY2029": 76.0,
            "FY2030": 74.0
          },
          "ap_days": {
            "FY2026": 58.0,
            "FY2027": 60.0,
            "FY2028": 61.0,
            "FY2029": 62.0,
            "FY2030": 62.0
          }
        },
        "ppe": {
          "capex_pct_revenue": {
            "FY2026": 0.078,
            "FY2027": 0.075,
            "FY2028": 0.072,
            "FY2029": 0.070,
            "FY2030": 0.068
          }
        },
        "debt": {
          "interest_rate": {
            "FY2026": 0.072,
            "FY2027": 0.070,
            "FY2028": 0.069,
            "FY2029": 0.068,
            "FY2030": 0.068
          },
          "cash_sweep": {
            "sweep_pct": 0.90
          }
        }
      }
    }
  },
  "sensitivities": {
    "revenue_growth_shocks": [-0.05, 0.05],
    "gross_margin_shocks": [-0.02, 0.02],
    "dso_day_shocks": [5.0, -5.0],
    "capex_pct_revenue_shocks": [0.01, -0.01],
    "interest_rate_shocks": [0.01, -0.01]
  }
}