AMES DEPARTMENT STORES, INC. Exhibit 20 APRIL RESULTS VS. PLAN Page 2 of 2 MANAGEMENT FORMAT (Unaudited) (In Millions) Fiscal 1997 YTD -------------------- Actual Plan (a) --------- --------- CASH FLOW SUMMARY: Beginning Cash & Cash Equivalents $46.1 $46.1 Cash Flow from Operations: Net Income (Loss) (5.9) (7.6) Non-Cash Income Tax Exp (Ben) (3.1) (3.9) Other 1.5 1.2 --------- --------- Cash Provided by (Used in) Operations (7.5) (10.3) Changes in Working Capital: FIFO Inventory (Increase) Decrease (70.7) (85.6) Trade Payables Increase (Decrease) 8.4 25.3 All Other (6.4) (13.1) --------- --------- Net Changes in Working Capital (68.7) (73.4) Capital Expenditures (8.8) (8.5) Other: Short-Term Borrow.(Pymnts)- Revolver 73.1 85.0 Capital Lease Payments (0.8) (0.7) Long-Term Debt Payments (9.4) (9.4) Store Closing and Other (6.8) (1.7) --------- --------- Total Other 56.1 73.2 --------- --------- Increase (Decrease) in Cash & Cash Equivalents (28.9) (19.0) --------- --------- Ending Cash & Cash Equivalents $17.2 $27.1 ========= ========= <FN> (a)As reported on Form 8-K dated February 27, 1997 Page 7 of 7