The multitype age-dependent branching process in varying environment is treated as a random stream (point process) of the birth and death events. We derive the point-process version of the Bellman–Harris equation, which provides us with a symbolic method of writing the equations for the arbitrary finite-dimensional distribution of the process. We also derive a new recurrence relation, the ‘principle of last generation'. This result is applied to obtain new moment equations for the process with immigration also. General considerations are illustrated by a simple cell kinetics model.