AMES DEPARTMENT STORES, INC. Exhibit 20 APRIL RESULTS VS. PLAN Page 2 of 2 MANAGEMENT FORMAT (Unaudited) (In Millions) April, 1996 Fiscal 1996 YTD Actual Plan (a) Actual Plan (a) CASH FLOW SUMMARY: Beginning Cash & Cash Equivalents $20.0 $25.3 $14.2 $14.2 Cash Generated from (Used in) Operations: Net Income (Loss) 1.1 (0.7) (7.0) (9.2) Non-Cash Income Tax Exp (Ben) 0.5 (0.3) (2.9) (3.8) Other 0.7 0.6 (1.2) (0.3) ------------------------------------ Cash Provided by (Used in) Operations 2.3 (0.4) (11.1) (13.3) Changes in Working Capital: FIFO Inventory (increase) decrease (34.0) (17.1) (75.8) (73.6) Trade Payables increase (decrease) 16.0 12.7 58.9 26.5 All Other (5.2) (6.1) (22.1) (21.5) ------------------------------------ Net Changes in Working Capital (23.2) (10.5) (39.0) (68.6) Capital Expenditures (0.5) (2.8) (5.6) (7.5) Other: Short-Term Borrow.(Pymnts)- Revolver 24.9 10.0 79.2 110.7 Capital Lease Payments (0.4) (0.3) (1.0) (0.9) Long-Term Debt Payments (0.2) (0.8) (9.8) (9.8) Restructuring and Other (4.1) (0.6) (7.8) (4.9) Financing Fee Payments - (0.7) (0.3) (0.7) ------------------------------------ Total Other 20.2 7.6 60.3 94.4 ------------------------------------ Increase (Decrease) in Cash & Cash Equiv (1.2) (6.1) 4.6 5.0 ------------------------------------ Ending Cash & Cash Equivalents $18.8 $19.2 $18.8 $19.2 ==================================== <FN> (a)As reported on Form 8-K dated February 21, 1996 Page 7 of 7