AMES DEPARTMENT STORES, INC. Exhibit 20 APRIL RESULTS VS. PLAN Page 2 of 2 MANAGEMENT FORMAT (Unaudited) (In Millions) April, 1995 YTD 1995 Actual Plan(a) Actual Plan(a) CASH FLOW SUMMARY: Beginning Cash & Cash Equivalents $26.6 $25.4 $30.4 $15.2 Cash Flow from Operations: Net Income (Loss) (0.2) (0.6) (11.1) (11.5) Non-Cash Income Tax Exp (Ben) (0.1) (0.3) (4.8) (5.0) Other 1.3 0.4 1.4 1.4 ------------------------------------ Cash Provided by (Used in) Operations 1.0 (0.5) (14.5) (15.1) Changes in Working Capital: FIFO Inventory (increase) decrease (25.3) (6.2) (90.4) (64.6) Trade Payables increase (decrease) 4.0 10.4 20.2 (9.2) All Other (6.5) (0.2) (12.7) (3.4) ------------------------------------ Net Changes in Working Capital (27.8) 4.0 (82.9) (77.2) Capital Expenditures (2.3) (1.9) (5.0) (4.2) Other: Short-Term Borrow. - Revolver 23.0 - 103.1 120.0 Capital Lease Payments (0.3) (0.3) (1.0) (2.3) Long-Term Debt Payments - (0.2) (9.9) (9.9) Financing Fee Payments - (0.8) - (0.8) ------------------------------------ Total Other 22.7 (1.3) 92.2 107.0 ------------------------------------ Increase (Decrease) in Cash & Cash Equiv (6.4) 0.3 (10.2) 10.5 ------------------------------------ Ending Cash & Cash Equivalents $20.2 $25.7 $20.2 $25.7 ==================================== <FN> (a)As reported on Form 8-K dated February 16, 1995 Page 7 of 7